Hess Midstream (NYSE:HESM) +2.5% in Friday's trading as Wells Fargo upgraded units to Overweight from Equal Weight with a $47 price target, raised from $41, forecasting a 15%-17% annual total return proposition from dividends,

Chevron cut 575 positions in the Houston area after it completed its $55 billion merger with Hess, a Texas Workforce Commission filing revealed on Wednesday.

A major oil acquisition wrapped up this month involving one of North Dakota’s top producers. Officials with Chevron say they completed their acquisition of the Hess Corporation as part of a $53 billion purchase.