Chevron and Quantum Energy Bid for Lukoil's $22 Billion International Assets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 07 2026
0mins
Should l Buy CVX?
Source: Newsfilter
- Strategic Partnership: Chevron and Quantum Energy are teaming up to bid for Lukoil's international assets, valued at $22 billion, indicating both companies' intent to expand in the global energy market.
- Market Opportunity: This bid is seen as one of the largest energy acquisitions since sanctions were imposed on Russia due to the Ukraine conflict, highlighting Chevron's assessment of significant investment opportunities.
- Compliance Assurance: A Chevron spokesperson emphasized that the company operates under a code of business ethics and complies with applicable laws and regulations, ensuring the legality and transparency of its acquisition activities.
- Competitive Landscape: Should the deal be finalized, Chevron and Quantum plan to split Lukoil's assets, potentially reshaping the competitive landscape of the global energy market, particularly in the Middle East and Europe.
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Analyst Views on CVX
Wall Street analysts forecast CVX stock price to fall
19 Analyst Rating
15 Buy
4 Hold
0 Sell
Strong Buy
Current: 185.950
Low
158.00
Averages
176.95
High
206.00
Current: 185.950
Low
158.00
Averages
176.95
High
206.00
About CVX
Chevron Corporation is an integrated energy company. The Company produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance its business and industry. The Company’s segments include Upstream and Downstream. Upstream operations consist primarily of exploring for, developing, producing and transporting crude oil and natural gas; liquefaction, transportation and regasification associated with LNG; transporting crude oil by major international oil export pipelines; processing, transporting, storage and marketing of natural gas; carbon capture and storage; and a gas-to-liquids plant. Downstream operations consist primarily of the refining of crude oil into petroleum products; marketing crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels, and transporting of crude oil and refined products by pipeline, marine vessel, motor equipment and rail car.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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