TotalEnergies acquires 25% stake in 26 Chevron U.S. offshore leases

TotalEnergies $TTE has acquired a 25% stake in 26 Chevron $CVX-operated offshore exploration and production blocks in U.S. waters, deepening the Franco-American energy partnership. The deal strengthens both companies' exposure to prolific North American resources and diversifies TotalEnergies' portfolio.

This acquisition underscores major oil majors' continued confidence in U.S. offshore prospects and signals sustained investment in conventional hydrocarbons despite energy transition rhetoric. #petrole #energie #marche