Earnings call briefThird-quarter 2026
Chevron says closing of Bakken midstream deal will bring a one-time non-cash loss
The company expects a $3 billion to $4 billion after-tax loss, non-cash and treated as a special item, when the deal closes.
GetSignal Chevron CVX
Chevron said on its third-quarter call that the deal is still on track to close at the end of the fourth quarter. The company said the loss reflects the accounting for the deconsolidation, not deal economics.
Chevron also said the transaction deconsolidates $3.7 billion of debt and increases its corporate ROCE by 0.5%.
Quotes from the call
“...when it closes, we'll report a one-time non-cash after-tax loss of $3 billion-$4 billion. We will treat that as a special item, and it just reflects the accounting treatment on this deconsolidation, not any deal economics.”
Key facts from the call
- Expected closing
- End of the fourth quarter
- Expected one-time after-tax loss at closing
- $3 billion to $4 billion, non-cash
- Debt deconsolidated
- $3.7 billion
Source: Chevron's third-quarter 2026 earnings call, October 30, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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