TotalEnergies acquires 25% stake in 26 Chevron-operated US offshore exploration leases
CVX•TotalEnergies acquired a 25% working interest in 26 Chevron-operated exploration leases offshore the United States. In the transaction, Chevron acquired a 75% operated interest in two exploration leases from TotalEnergies.
1. Lease interests exchanged
TotalEnergies acquired a 25% working interest in 26 Chevron-operated exploration leases offshore the United States, while Chevron acquired a 75% operated interest in two exploration leases from TotalEnergies. The 26 leases comprise 24 blocks in Green Canyon and two in Walker Ridge. The deal expands a partnership that included entry into 40 Chevron-operated exploration blocks in June 2025.
