The Australian unit of U.S. oil giant Chevron Corp said on Friday that the partners of the Gorgon Joint Venture have made a final investment decision on the A$3 billion ($1.98 billion) Gorgon Stage 3 development off Western Australia's northwest coast.
CVX unveils a focused 2026 capex plan emphasizing high-return U.S. shale, offshore growth in Guyana and continued investments in lower-carbon initiatives.
Chevron said on Wednesday that capital expenditure for 2026 will be between $18 billion and $19 billion as the oil major focuses on production in the U.S. and investments connected to a recently-acquired oil stake in Guyana.
CVX enters early talks with Syria on offshore oil and gas exploration as the country seeks to revive its energy infrastructure damaged by years of war.
CVX trails the sector, but rising output, steadier crude prices and Hess-driven tailwinds could help it narrow the gap.
CVX deepens its global exploration alliance with TotalEnergies through a new 40% stake in Nigeria's promising West Delta basin blocks.
U.S. oil major Chevron said late on Sunday that loadings of its Tengizchevroil venture's crude oil were continuing at the Russian port of Novorossiysk following a Ukrainian naval drone attack which heavily damaged key equipment.
Chevron subsidiary Star Deep Water Petroleum will take a 40% stake in the PPL 2000 and 2001 licences located in the West Delta basin.
TotalEnergies agreed to sell a 40% stake in two offshore exploration licenses in Nigeria to Chevron , in a move aimed at strengthening collaboration between the French and U.S. energy giants, the company said on Monday.
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CVX's first power project in West Texas marks a strategic shift toward powering global data centers as AI-driven energy demand accelerates.
CVX steps in with essential feedstock as Venezuela faces fresh supply hurdles and geopolitical friction reshapes crude-loading operations.