Chevron Corporation
International Oil CompanyAbout
American multinational energy corporation. Operator (35%) of Block 12 containing the Aphrodite gas field, Cyprus' first major discovery. Cyprus approved Aphrodite's development plan in February 2025 and Egypt initialed a 15-year term sheet for the field's full output in April 2026, with FID targeted for late 2026-2027 and first gas around 2030-31.
Frequently Asked Questions
Who bought Noble Energy?
Chevron acquired Noble Energy in October 2020 in an all-stock deal valued at about $13 billion including debt. Through that acquisition Chevron became the operator of the Aphrodite gas field in Block 12 of the Cyprus EEZ, which Noble had discovered in 2011, as well as of Israel's Leviathan and Tamar fields.
What is Chevron doing in Cyprus?
Chevron operates Block 12 with a 35% stake, developing the Aphrodite gas field (~2.9–3.7 tcf) alongside Shell and NewMed Energy. The development plan was approved in February 2025, FEED began in December 2025, Egypt initialed a 15-year term sheet for the field's full output in April 2026, and first gas is targeted around 2030–31.
Active Blocks
Gas Discoveries
Partner Companies
Chevron Corporation in the News
Global Fuel Squeeze Triggers U.S. Refiners Stocks Rally
Energy stocks have rallied this year as oil prices soared amid the Middle East conflict. The U.S. supermajors ExxonMobil and Chevron have seen their stocks gain about 40% each so far in 2026, but U.S. refiner stocks have outperformed the majors because the global fuel market is much tighter than ...
Chevron Expects LNG Prices To Remain High in the Short Term
LNG prices are set to remain at elevated levels over the next few months amid the massive supply disruption from the Middle East, Chevron Australia says. “I have a hard time seeing the prices come down” in the next six months or so, Balaji Krishnamurthy, Managing Director of Chevron Australia, told
Chevron to invest more than $7bn in Venezuela oil ventures
Chevron has agreed updated terms with Venezuela for its JVs, paving the way for investments of more than $7bn over the next five years.
Chevron Bets $7 Billion on Venezuela Oil Expansion
Chevron will invest more than $7 billion in Venezuela over the next five years and more than double its oil production in the country to about 600,000 barrels per day, Reuters reported Wednesday. The investment follows new agreements with Venezuela that give Chevron improved fiscal, commercial and l
Chevron, ONGC and GE Vernova Near Final Venezuela Energy Deals
Chevron, India’s ONGC, GE Vernova, Eni and GeoPark are preparing to sign final energy agreements in Venezuela, bringing new foreign investment into the country’s oilfields and power infrastructure, Reuters reported Monday, citing five sources close to the preparations. Venezuela has spent the past s
Etu Energias strikes $260 million deal with Chevron for Angola’s deepwater block duo
Etu Energias, a privately owned Angolan energy company, has taken steps to increase its stakes in two offshore blocks from Cabinda Gulf Oil Company (CABGOC), a subsidiary of U.S.-headquartered energy giant Chevron, through a deal that will make it the largest interest holder in one of Angola’s longe
Venezuela’s Oil Revival Is Slower Than the U.S. Hoped
More than half a year after the U.S. captured and extracted Nicolas Maduro from Venezuela, the biggest American oil firms haven’t returned to operating oilfields in the world’s largest oil reserves holder. Chevron, which has operated in Venezuela throughout Maduro’s reign, is extracting and exportin
Gorgon stage three tie-back gets first TechnipFMC Subsea 2.0 tree
TechnipFMC has delivered its first 7-in. Subsea 2.0 horizontal christmas tree to Chevron Australia for the Gorgon Stage 3 project, offshore in the north-west of WA.
TechnipFMC’s first 7-in. Subsea 2.0 tree goes to Chevron in Australia
TechnipFMC has delivered its first 7-in. Subsea 2.0 tree to Chevron in Australia, the […] The post TechnipFMC’s first 7-in. Subsea 2.0 tree goes to Chevron in Australia appeared first on Offshore Energy.
Equinor to Enter Namibia by Joining Chevron Exploration Campaign
Equinor signed an agreement to acquire a 17.4 percent stake in Petroleum Exploration License 90 on the Namibian side of the offshore Orange Basin from operator Chevron.
Company Details
- Full Name
- Chevron Corporation
- Ticker
- CVX
- Country
- United States
- Type
- International Oil Company
- Blocks
- 1
- Discoveries
- 1
Key Events
Egypt (EGAS) agrees to purchase 100% of Aphrodite's output over a 15-year term, delivered via a new subsea pipeline to P...
infrastructureFront-end engineering and design (FEED) work begins on the Aphrodite development, a key step toward a final investment d...
infrastructureCyprus approves the updated Aphrodite (Block 12) development and production plan submitted by Chevron, Shell and NewMed...
infrastructure