Exclusive-Chevron joins race to explore potential purchase of Lukoil assets, sources say

Chevron has announced plans to invest up to $19 billion in 2026, primarily focusing on oil production in the United States and Guyana. This strategic investment underscores the company's commitment to expanding its operations in key markets, particularly as it navigates the evolving energy landscape.

Chevron has announced its capital budget for 2026, setting it between $18 billion and $19 billion, with a primary focus on investments within the United States. This decision reflects the company's strategic priorities as it navigates the evolving energy market landscape.

Chevron recently met with the Syrian president to discuss potential oil exploration opportunities in Syria, marking a significant step in the company's international operations. This engagement highlights Chevron's interest in expanding its footprint in the Middle Eastern energy sector.

Exxon Mobil has approached Iraq regarding the potential acquisition of Lukoil's stake in the West Qurna oilfield, indicating a strategic interest in expanding its operations in the region. This move aligns with ongoing trends in the energy sector where major companies are actively seeking to enhance their portfolios through acquisitions.