Chevron awarded four offshore leases for Greece exploration blocks - CHEVRON

Supports strategy to enhance exploration portfolio and efforts in Mediterranean region

HOUSTON, February 16, 2026 - Chevron Corporation (NYSE: CVX), via its four Dutch subsidiaries, together with HELLENiQ ENERGY has today signed Lease Agreements with the Hellenic Republic which will enable exploration of four blocks offshore Greece.

The blocks are located south of Crete (South Crete 1, South Crete 2) and within the Peloponnese (South of Peloponnese, and Block A2). The awarded consortium, in which Chevron holds a 70% operating interest and HELLENiQ ENERGY a 30% interest, was selected following an international call for tender launched by the Greek government in 2025.

"This is another important milestone for Chevron as we continue building momentum in the Mediterranean region, an area where we already have a significant position and are actively pursuing exploration opportunities to further strengthen and expand our portfolio," said Kevin Mclachlan, Vice President of Exploration at Chevron.

Energy minister: Gas exploration starts off southwest Greece - AP NEWS

10.NOV.2022
ELENA BECATOROS

ATHENS, Greece (AP) — Greece’s energy and environment minister says U.S. energy giant ExxonMobil has begun prospecting for natural gas off the coast of southwestern Greece, kicking off a delayed project as Europe seeks alternative energy sources due to the war in Ukraine.

ExxonMobil’s ship is already in operation in the area, Energy and Environment Minister Kostas Skrekas said on state-run ERT television Thursday, just four days after Greece’s prime minister announced the project was to start. The move comes amid heightened tensions with neighboring Turkey, and is a project that has been heavily criticized by environmental groups.

“The ship has begun. At this moment it is laying the cables” which are needed for the sonic waves used in the prospecting, Skrekas said.

“The reserves we speculate exist southwest of Crete and the Peloponnese might be the last hope the mining industry has to find a large reserve ... in the region of southeastern Europe, in our region,” he said. However, he noted, “until we drill and see what is really there, everything is on the level of speculation.”