Chevron Corp - Jul 18, 2025 Form 3 Insider Report for Hess Midstream LP (HESM)

Role
Director, 10%+ Owner
Signature
/s/ Christine L. Cavallo, on behalf of Chevron Corporation
Stock symbol
HESM
Transactions as of
Jul 18, 2025
Transactions value $
$0
Form type
3
Date filed
7/18/2025, 04:30 PM
Previous filing
May 11, 2021
Next filing
Aug 8, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
CHEVRON CORP Director, 10%+ Owner 1400 SMITH STREET, HOUSTON /s/ Christine L. Cavallo, on behalf of Chevron Corporation 2025-07-18 0000093410

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding HESM Class A Shares 449K Jul 18, 2025 See Footnote F1, F2
holding HESM Class B Shares 79M Jul 18, 2025 See Footnote F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding HESM Opco Class B Units Jul 18, 2025 Class A Shares 79M See Footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.