REG-TotalEnergies SE United States: TotalEnergies Enters 26 Chevron-Operated Offshore Exploration Blocks, Strengthening the Successful U.S. Partnership Between Both Companies
Business Wire•28/10/2026•03:15 ET
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Key Highlights
- ➤TotalEnergies acquires 25% interests in 26 Chevron-operated U.S. offshore exploration leases
- ➤Chevron acquires TotalEnergies’ 75% operated interests in two adjacent exploration leases
- ➤26 leases span 24 Green Canyon blocks and two Walker Ridge blocks
- ➤TotalEnergies entered 40 Chevron-operated U.S. exploration blocks in June 2025
- ➤TotalEnergies invested nearly $12 billion in the U.S. since 2022
Expert Statements
Nicola Mavilla, SVP Exploration at TotalEnergies
“This transaction with Chevron further strengthens our joint exploration portfolio in the United States. It provides TotalEnergies with access to a new set of high-impact opportunities with the potential to unlock value-accretive, low-emissions resources while leveraging the complementary strengths of both companies.”
United States: TotalEnergies Enters 26 Chevron-Operated Offshore Exploration Blocks, Strengthening the Successful U.S. Partnership Between Both Companies
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 a 75% operated interest in two exploration leases adjacent to existing jointly held exploration leases.
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