TotalEnergies acquires 25% stake in US offshore exploration block from Chevron
June - Financial News. Big news in the energy industry today: TotalEnergies, the French energy giant, announced its acquisition of a 25% stake in several offshore oil and gas exploration blocks in the United States, currently operated by Chevron. This deal marks a significant expansion of the partnership between the two global energy companies, having previously collaborated on several projects, and reinforces TotalEnergies' commitment to expanding its presence in US waters.***This transaction is consistent with our consistent strategy of complementing our exploration portfolio with low-cost, low-emission options and will significantly expand TotalEnergies' US offshore exploration footprint.***
TotalEnergies' Senior Vice President of Exploration discusses the company's direction.
