Chevron Acquires Lithium-Rich Acreage in Strategic Expansion

Key Takeaways CVX acquires 125,000 net acres in Smackover to launch its first domestic lithium operation. The deal includes assets from TerraVolta Resources and East Texas Natural Resources. CVX aims to use direct lithium extraction for faster, cleaner lithium production.Chevron Corporation’s (CVX) subsidiary, Chevron U.S.A. Inc., has significantly advanced its clean energy roadmap through the acquisition of approximately 125,000 net acres of leasehold positions across the Smackover Formation in Northeast ...