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CHEVRON CORP — Director's Dealing 2025
Jul 18, 2025
29758_dirs_2025-07-18_69bcf74c-6b5f-47d0-a33b-188fe155a6b4.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Hess Midstream LP (HESM)
CIK: 0001789832
Period of Report: 2025-07-18
Reporting Person: CHEVRON CORP (Director, 10% Owner)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Shares | 449000 | Indirect |
| Class B Shares | 78979190 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Opco Class B Units | $ | Class A Shares (78979190) | Indirect |
Footnotes
F1: On July 18, 2025, pursuant to the terms of the Agreement and Plan of Merger, dated October 22, 2023, by and among Hess Corporation ("Hess"), Chevron Corporation ("Chevron") and Yankee Merger Sub Inc., a direct, wholly owned subsidiary of Chevron ("Merger Subsidiary"), Chevron completed its previously announced acquisition of Hess, the indirect general partner of the Issuer, through the merger of Merger Subsidiary with and into Hess (the "Merger"), with Hess surviving and continuing as the surviving corporation in the Merger. As a result of the Merger, Hess became a direct, wholly owned subsidiary of Chevron.
F2: Represents securities held by Hess Investments North Dakota LLC ("HINDL"). HINDL is an indirect, wholly owned subsidiary of Hess. Hess is a direct, wholly owned subsidiary of Chevron. As a result, Chevron may be deemed to beneficially own the securities held of record by HINDL. Chevron disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein.
F3: The Opco Class B Units may be converted at any time into Class A Shares on a one-to-one basis and have no expiration date.