Chevron leaders told Hess employees to stay focused on safe operations and that they will hear next week if they will continue to have jobs following the oil producer's acquisition, according to two Hess employees who spoke with Reuters.

IT staff from both Chevron and Hess worked together to plan the integration. Affected Hess employees were given the option to request severance packages. The layoffs are expected

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,