Chevron Declares Force Majeure as Israel Shuts Leviathan Gas Field [Yahoo! Finance]
Chevron Corporation (CVX)
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Source: Yahoo! Finance
security grounds, marking the second time in less than a year that hostilities with Iran have disrupted Eastern Mediterranean gas flows. Israel's energy ministry directed operator Chevron to shut in Leviathan following joint U.S.-Israeli strikes on Iran and subsequent retaliatory action across the region. Partner NewMed Energy said the suspension followed guidance from security authorities, noting that regulators instructed the consortium to adjust operations in line with evolving security conditions, including the possibility of temporary production halts as the situation develops. Energean also confirmed that it had been ordered to suspend production at the Karish field. Leviathan is Israel's largest gas field, supplying Israel, Egypt, and Jordan. In the first nine months of 2025, the field sold 8.1 billion cubic meters of gas to the three markets, with Egypt accounting for more than half at 4.8 Bcm. The shutdown echoes June's disruption, when Israel halted Leviathan and Kar
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- 1/30/26 - Beat
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- 3/2/26 - Form 144
- 3/2/26 - Form 144
- 3/2/26 - Form 144
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