ExxonMobil CEO Darren Woods and Chevron upstream president Clay Neff have canceled plans to attend ADIPEC in Abu Dhabi over security concerns, per Reuters, as Washington weighs more military action against Iran. #ADIPEC#Exxon#Chevron#Iran
Chevron has secured one year of exclusive rights to negotiate taking over Iraq's supergiant West Qurna 2 field from Russia's Lukoil, via a $200M advance on a signing bonus. Baghdad expects Chevron to double output. #Chevron#Iraq#Oil#Lukoil
Chevron is eyeing LNG growth from Argentina to the Mediterranean, Africa and Australia as buyers seek supply beyond Middle East chokepoints. Its Gorgon and Wheatstone projects already account for about 5% of global LNG supply. #LNG#Chevron#NaturalGas
Chevron plans to double its Venezuela rig fleet and lift production from 290,000 bpd to roughly 600,000 bpd over five years. Its three joint ventures will invest more than $7B through 2031, with costs below $20/bbl. #Chevron#Venezuela#Oil
Chevron plans to invest more than $7B in Venezuela through 2031 and more than double production to roughly 600,000 bpd. New agreements provide additional Orinoco Belt acreage and improved fiscal and legal terms. #Chevron#Venezuela#Oil
