NYSE:CVXOil and Gas
Did Chevron's (CVX) Return to Libya Reshape Its Upstream Growth and Capital Efficiency Story?
In early February 2026, Chevron Corporation, through its subsidiary Chevron Business Development EMEA Ltd., was confirmed as a winning bidder for Contract Area 106 in Libya’s Sirte Basin, re-entering the country after 15 years under a memorandum of understanding with the National Oil Corporation and pending a Production Sharing Agreement.
This move extends Chevron’s upstream footprint across North Africa and the Eastern Mediterranean, underscoring a renewed focus on higher-impact...