Morningstar

TotalEnergies Expands Exploration Portfolio in U.S. With Chevron

Provided by Dow Jones Oct 28, 2026, 7:58:00 AM

By Andrea Figueras

TotalEnergies said it acquired working interest in several exploration licenses operated by Chevron in the U.S.

The French energy major said Wednesday that it got a 25% working interest in 26 Chevron-operated exploration leases offshore U.S.

Under the agreement, Chevron will acquire from TotalEnergies a 75% operated interest in two exploration leases.

The companies didn't disclose financial details of the deal.

The deal builds on TotalEnergies' entry into 40 Chevron-operated exploration blocks last year.

Since 2022, TotalEnergies has invested nearly $12 billion in the U.S. to accelerate development in oil, liquefied natural gas and electricity.

Write to Andrea Figueras at andrea.figueras@wsj.com

(END) Dow Jones Newswires

October 28, 2026 03:58 ET (07:58 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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