TotalEnergies enters 26 Chevron blocks and Chevron stock trades at EUR 205.35

Published on 10/28/2026 at 11:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TotalEnergies takes a 25.00 percent stake in 26 leases on October 28, 2026. For Chevron stock, the deal includes 75.00 percent interests.

Offshore portfolio expands

TotalEnergies announced a 25.00 percent interest in new exploration leases on October 28, 2026.
The agreement builds on 40 Chevron-operated exploration blocks added in June 2025.
Chevron stock traded at EUR 205.35 at 11:00 a.m. CET at Lang & Schwarz on October 28, 2026.

Chevron, US1667641005, Illustration mit AI erstellt.

Chevron Corporation (ISIN US1667641005) is expanding its U.S. offshore exploration portfolio through a transaction with TotalEnergies announced on October 28, 2026. The Business Wire release from TotalEnergies says the company will acquire a 25.00 percent working interest in 26 Chevron-operated exploration leases offshore the United States.

Two-way offshore transaction

The leases include 24 blocks in the Green Canyon area and two in the Walker Ridge area. They are located 150 to 250 kilometers from shore and target established exploration plays, according to the release.

Chevron will also acquire a 75.00 percent operated interest in two TotalEnergies exploration leases next to existing jointly held blocks. The transaction therefore adds acreage for both companies rather than describing a one-sided transfer of Chevron-operated interests.

What changes for exploration

The arrangement builds on TotalEnergies' entry into 40 Chevron-operated exploration blocks in June 2025. The combined portfolio provides access to multiple exploration prospects and complements TotalEnergies' interests in the producing Ballymore, Anchor, Jack and Tahiti assets.

For Chevron, the disclosed figures point to broader cooperation across the U.S. offshore portfolio. The release does not provide production guidance or a transaction value, so the immediate evidence is the acreage and ownership structure rather than a quantified earnings effect.

Upcoming company events

Chevron's quarterly earnings conference call is scheduled for October 30, 2026, according to the company's Chevron Corporation advisory dated October 1, 2026. Investors will have a separate opportunity to assess whether the exploration expansion changes the company's near-term operating commentary.

Chevron stock and the new acreage

Chevron stock was trading at EUR 205.35 at Lang & Schwarz on October 28, 2026 at 11:00 a.m. CET. The quote provides a current euro indication while the transaction gives the market a new operational detail to assess ahead of the earnings call. The further course of trading is shown by the continuously updated real-time quote of Chevron stock.