Chevron to Sell Angola Offshore Stakes to Energean for $260M [Yahoo! Finance]
Chevron Corporation (CVX)
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Source: Yahoo! Finance
U.S. energy major Chevron Corporation CVX has agreed to sell its stakes in offshore Block 14 and Block 14K in Angola to London-listed Energean for $260 million. The transaction includes Chevron's 31% operated interest in Block 14 and its 15.5% non-operated stake in Block 14K. Both assets are located in Angola's deepwater offshore basin and have been key components of the country's oil production landscape for decades. The divestment reflects Chevron's ongoing strategy to streamline its global upstream portfolio by selling mature assets and focusing capital on higher-growth opportunities. Despite the sale, the company will maintain a strong presence in Angola through interests in other blocks and the Angola LNG project. Energean Expands Footprint in West Africa For Energean, the acquisition marks a significant step in its geographic expansion and represents its first major investment in West Africa. The company has been pursuing a strategy of disciplined growth and portfolio div
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CVX
Earnings
- 1/30/26 - Beat
CVX
Sec Filings
- 3/10/26 - Form 4
- 3/6/26 - Form 144
- 3/4/26 - Form 3
- CVX's page on the SEC website