Chevron Ordered to Halt Leviathan Gas Production Amid Rising Tensions [Yahoo! Finance]
Chevron Corporation (CVX)
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Source: Yahoo! Finance
Chevron Corporation CVX has declared force majeure at the Leviathan natural gas field after Israel's government ordered a temporary production halt on security grounds. The move follows escalating regional tensions, including joint U.S.-Israeli strikes on Iran and retaliatory developments across the region. This marks the second disruption in less than a year impacting Eastern Mediterranean gas flows. The Leviathan field, Israel's largest offshore gas reservoir, is operated by Chevron Mediterranean Limited with a 39.66% stake. Other key partners include NewMed Energy (45.34%) and Ratio Energies (15%). Regional Energy Supply Disrupted With Leviathan offline, a significant share of Israel's gas export capacity has been effectively frozen. The field is a cornerstone of energy supply to Israel, Egypt and Jordan. Israel's Leviathan gas field is its most significant energy asset, containing an estimated 22.9 trillion cubic feet of recoverable natural gas. Since commencing productio
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News
- How Chevron's New Deals Could Transform Iraq's Production Outlook [Yahoo! Finance]Yahoo! Finance
- Analysts expect Bay Area gas prices to rise due to U.S.-Israeli intervention in Iran [CBS News]CBS News
- Chevron ceases Leviathan Gas operations due to security issues [Yahoo! Finance]Yahoo! Finance
- 3 Top Oil Stocks to Buy in March [Yahoo! Finance]Yahoo! Finance
- Chevron Corporation (CVX) Upgraded to Buy as Hess Acquisition Strengthens Guyana Exposure [Yahoo! Finance]Yahoo! Finance
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- 1/30/26 - Beat
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- 3/4/26 - Form 4
- 3/4/26 - Form 4
- CVX's page on the SEC website