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
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.
Equinor to acquire 17.4% interest in Namibia’s Orange Basin block
Equinor has agreed to acquire a 17.4% participating interest in petroleum exploration licence 90 (PEL 90) in the Orange Basin off the coast of Namibia, from Harmattan Energy, a subsidiary of Chevron.
TGS and Chevron jointly pursuing next-gen seismic imaging technology
Norwegian energy data and intelligence company TGS and U.S.-headquartered energy firm Chevron have established […] The post TGS and Chevron jointly pursuing next-gen seismic imaging technology appeared first on Offshore Energy.
Aphrodite Group Secures MOU for Sale of Cypriot Gas to Egypt
The Chevron-led Aphrodite consortium, Cyprus Hydrocarbons and Egyptian Natural Gas signed a memorandum of understanding to enable the piped export of 100 percent of production from the Aphrodite field to Egypt.
Chevron’s Cypriot gas project edges closer toward binding supply deal with Egypt
Chevron Cyprus, a subsidiary of the U.S.-headquartered oil major Chevron, and its partners, BG Cyprus (Shell) and NewMed Energy, have made inroads in securing a binding agreement for the sale of gas to Egypt from an offshore gas field reservoir in Block 12, located in the Eastern Basin of the Med...
Chevron, Cheniere Reps Join DOE SEAB Board
The U.S. Department of Energy announced newly appointed members of the Secretary of Energy Advisory Board.
Baghdad Bets on Syria and Turkey Pipelines to Secure Oil Exports
Politics, Geopolitics & Conflict Baghdad is assembling a westward export system capable of carrying southern Iraqi crude to the Mediterranean through Syria or Turkey. Iraq has brought Chevron, U.S. investment firm Capital TI, and Qatar’s UCC into technical and financial studies for two oil export pi
Chevron Moves Closer to Iraq's Biggest Oil Prize—and a Hormuz Exit Strategy
Chevron is taking another step toward expanding its footprint in Iraq, and is set to sign two memoranda of understanding on Friday that will move the U.S. supermajor closer to developing the giant West Qurna 2 oilfield and the Nassiriya project. The agreements aren't binding, but they push negotiati
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