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Chevron's Gulf Lease Gains: A Smart Move for Future Growth?
ZACKS· 2025-12-16 16:46
Key Takeaways Chevron secured 22 Gulf of Mexico tracts with $33M in bids, underscoring confidence in future growth.Strong bidding pushed per-acre prices to their highest since 2017, favoring experienced operators.The Gulf remains a core region for Chevron, offering long-life resources and low carbon intensity.Chevron Corporation (CVX) reinforced its long-standing commitment to the Gulf of Mexico with a strong performance in the latest U.S. offshore oil and gas lease sale, totaling $279 million in winning bi ...