TotalEnergies Expands Exploration Portfolio in U.S. With Chevron
Dow Jones2026/10/28 07:43By Andrea Figueras
TotalEnergies said it acquired working interest in several exploration licenses operated by Chevron in the U.S.
The French energy major said Wednesday that it got a 25% working interest in 26 Chevron-operated exploration leases offshore U.S.
Under the agreement, Chevron will acquire from TotalEnergies a 75% operated interest in two exploration leases.
The companies didn't disclose financial details of the deal.
The deal builds on TotalEnergies' entry into 40 Chevron-operated exploration blocks last year.
Since 2022, TotalEnergies has invested nearly $12 billion in the U.S. to accelerate development in oil, liquefied natural gas and electricity.
Write to Andrea Figueras at andrea.figueras@wsj.com
(END) Dow Jones Newswires
October 28, 2026 03:43 ET (07:43 GMT)
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