Chevron Expands Greece And Libya Footprint As Valuation Debate Grows

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• Chevron, NYSE:CVX, has signed lease agreements with HELLENiQ ENERGY to explore four offshore blocks in Greece in the Eastern Mediterranean.

• The company has also secured an onshore exploration block in Libya, marking an entry into a new North African market.

• These agreements expand Chevron’s hydrocarbon exploration footprint in a region that is important for energy supply and geopolitics.

For investors watching NYSE:CVX, these moves come with the stock at $180.55 and a return of 20.8% over the past year and 123.2% over five years. The company is adding exposure beyond its traditional areas, which gives you another angle to consider its role in Mediterranean and North African energy developments.

Both the Greek offshore and Libyan onshore positions give Chevron fresh exploration options in resource rich areas that attract significant government and industry attention. As these projects progress, key factors to track will include exploration timelines, any updates to resource potential, and how management frames capital allocation around this expanded regional footprint.

Stay updated on the most important news stories for Chevron by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Chevron.

📰 Beyond the headline: 2 risks and 2 things going right for Chevron that every investor should see.

• ⚖️ Price vs Analyst Target: At US$180.55, Chevron trades about 1.6% below the consensus price target of US$183.46, which sits well inside the analyst range of US$165 to US$212.

• ✅ Simply Wall St Valuation: Simply Wall St currently views the shares as trading about 52% below its estimated fair value.

• ✅ Recent Momentum: The 30 day return of 8.6% suggests investors have recently responded positively to the stock.

There is only one way to know the right time to buy, sell or hold Chevron. Head to Simply Wall St’s company report for the latest analysis of Chevron’s Fair Value.

• 📊 The Greece and Libya agreements expand Chevron’s presence in the Mediterranean, which could influence how you think about its long term production options.

• 📊 Watch for updates on exploration spending, resource estimates and how these projects fit alongside a P/E of about 29 that is above the Oil and Gas industry average of about 14.5.

• ⚠️ With dividends not fully covered by earnings and some recent insider selling flagged as risks, it is worth checking whether higher investment in new regions tightens cash coverage further.

For the full picture including more risks and rewards, check out the complete Chevron analysis. Alternatively, you can check out the community page for Chevron to see how other investors believe this latest news will impact the company’s narrative.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include CVX.

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