Chevron Wins Offshore Greece Exploration Leases (CVX)

Chevron (CVX) has been awarded leases to explore four offshore blocks in Greece's Ionian Sea. The U.S. oil major will conduct seismic surveys and potential drilling in Blocks 1, 2, 3, and 4. The leases were granted by the Hellenic Republic Asset Development Fund, signaling Greece's push to develop its hydrocarbon resources. Chevron joins Eni and ExxonMobil in Greece's emerging oil and gas sector. Exploration activities are expected to commence in 2026, pending final approvals and environmental assessments.