Chevron has secured lease agreements with the Hellenic Republic to explore four offshore blocks in Greece, with the stock closing at $183.74 after a +0.73% gain. This initiative aligns with the company's broader exploration growth strategy following recent developments in Libya.
- Chevron will lead the consortium with a 70% operating interest alongside HELLENiQ ENERGY (30%) to conduct seismic exploration for hydrocarbon potential south of Crete and the Peloponnese.
- The company's market capitalization currently stands at $369.44B, positioning it among the largest energy stocks by market value.