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.

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,