Chevron Is Taking a $3 Billion to $4 Billion Loss on Hess Midstream. Should You Buy the Stock Anyway?

Chevron is taking a $3-4 billion write-off on its Hess Midstream deal as part of portfolio integration following its 2025 Hess acquisition. Despite the near-term cost, the deal is expected to reduce Chevron's midstream costs in the Bakken region by up to 50%, positioning the company for long-term profitability. With a strong balance sheet, 38 consecutive years of dividend increases, and a 3.1% yield, Chevron remains an attractive buy-and-hold energy stock for dividend investors.