Chevron Corporation

International Oil Company

United States • CVX

Website

Active Blocks

Discoveries

Reserves (Est.)

2.9-3.7

tcf

Type

International Oil Company

About

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.

Deep Dive

Chevron & Aphrodite

Aphrodite development plan and Egypt export route

Active Blocks

Block 12

4,600 km²

Operator

Gas Discoveries

Aphrodite

Discovered 2011 • Operator

2.9-3.7

tcf

Partner Companies

Chevron Corporation in the News

OilPrice • Jul 7

Big Oil's Windfall Earnings Threaten to Reignite Trump's Price-Gouging Push

Chevron and Exxon are expected to report their best quarter since 2022 this month, as the war that the United States and Israel started against Iran on February 28 drove much tighter oil and gas supply. This could be a problem for President Trump who has already slammed Big Oil for keeping prices at

Rigzone • Jul 7

Bangchak Completes Acquisition of Chevron Hong Kong

The Thai group said it had completed the purchase of Chevron's fueling business in Hong Kong, though acquired stations continue to offer the Caltex brand for two years.

OilPrice • Jul 6

Big Oil Heads for Record Profits as Trump Turns Up the Heat on Gas Prices

The oil majors are set for windfall earnings for the second quarter, which saw crude oil prices jump to a four-year high due to the closure of the Strait of Hormuz. The earnings at both ExxonMobil and Chevron are expected to have tripled in the April to June quarter compared to the first quarter, as

OilPrice • Jun 25

Trump Singles Out Exxon, Chevron, Shell, and BP Over High Gas Prices

President Donald Trump has listed Exxon, Chevron, Shell, and BP as being among companies responsible for excessively high fuel prices, following the announcement of a federal government probe into price-gouging earlier in the week. “Oil prices have come down so much and we are not seeing anything at

Rigzone • Jun 23

Chevron Wins 20-Year Contract to Power Microsoft Data Center

A project by Chevron and Engine No. 1 secured an agreement to supply natural gas-based electricity to a Microsoft data center project in West Texas for 20 years.

OilPrice • Jun 17

How the Oil Sands Became the Lowest-Cost North American Producer

After the oil price crash of 2014-15, global energy majors like BP (NYSE:BP), Chevron (NYSE:CVX), and TotalEnergies (NYSE:TTE) sold their interests in the Canadian oil sands, at the time classifying their Canadian operations as among the most expensive and least profitable. Thus, the majors redirect

Offshore Energy • Jun 17

Chevron joins Helleniq in Eastern Mediterranean offshore block

U.S.-headquartered energy giant Chevron has signed on the dotted line to acquire a majority stake and operatorship in a block off the coast of Greece, currently solely owned by Helleniq Energy, a Greek integrated energy player. The post Chevron joins Helleniq in Eastern Mediterranean offshore blo...

Offshore Technology • Jun 16

Chevron to partner with HelleniQ Energy on Block 10 in Greece

HELLENiQ ENERGY has signed an agreement with Chevron enabling the US-based company to acquire a 70% interest in the Block 10 offshore concession in Greece.

Cyprus Mail • Jun 16

Chevron sees Cyprus as key to East Mediterranean energy

Aphrodite project strengthens Cyprus’ regional energy role US energy company Chevron sees Cyprus as a key part of the East Mediterranean’s energy future, with the Aphrodite gas field moving steadily towards a final investment decision, according to comments by Chevron Cyprus country manager Basil...

Rigzone • Jun 16