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via finance.yahoo.comBusiness & Companies

TotalEnergies takes a 25% stake in 26 Chevron-operated offshore US exploration leases

FROM THE WIRE · FINANCE.YAHOO.COM

PARIS, October 28, 2026--(BUSINESS WIRE)--TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the acquisition of a 25% working interest in 26 Chevron-operated exploration leases offshore the United States. As part of the transaction, Chevron also acquires from TotalEnergies…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralTotalEnergies expands its US offshore exploration portfolio through an existing partnership with Chevron.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01TotalEnergies acquires a 25% working interest in 26 Chevron-operated exploration leases offshore the US.
  2. 02Chevron acquires from TotalEnergies a 75% operated interest in two adjacent exploration leases.
  3. 03The leases are located 150 to 250 km from shore, with 24 blocks in Green Canyon and 2 in Walker Ridge.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Chevron CorporationCVXStock228.23 USDMarket closedtoday -1.63%Neutral TotalEnergies SETTEStock92.35 USDMarket closedtoday -1.50%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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