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Chevron to Sell 25% Working Interest in U.S. Offshore Acreage
ZACKS·2025-06-17 22:36

Key Takeaways Chevron sold a 25% working interest in 40 OCS leases to TotalEnergies, covering 1,000 sq km offshore. TotalEnergies gains access to diverse offshore prospects, boosting its U.S. exploration portfolio. The deal enhances Chevron's partnership with TotalEnergies across multiple Gulf of America projects.Chevron Corporation (CVX) , the U.S. oil and gas giant, has signed an agreement with French energy major TotalEnergies SE (TTE) for the sale of working interests in 40 exploration leases, current ...