News › Benzinga

Chevron, Quantum Energy Partners Plan $22 Billion Bid For Russian Oil Giant Lukoil's International Assets: Report

Benzinga • Jan 7, 2026 2:33am (New York) •By Namrata Sen

Chevron, Quantum Energy Partners Plan $22 Billion Bid For Russian Oil Giant Lukoil's International Assets: Report

Chevron and Quantum Energy Partners are preparing a joint $22 billion bid for Lukoil's international assets, including oil and gas production, refining operations, and over 2,000 fuel stations across Europe, Asia, and the Middle East. The bid follows the Trump administration's blocking sanctions on Russian oil companies and comes as other bidders like Carlyle and International Holding Company also compete for the assets. The U.S. Treasury has granted permission for negotiations until January 17.

← Back to news Read Original Article

Insights

NOW positive

Mentioned as one of few companies that quantified actual AI impact on margins

CVX positive

Chevron is positioned as a major bidder for significant international assets worth $22 billion, which represents substantial growth opportunity. The stock has shown positive momentum with a 59.74% momentum rating, and the company benefits from geopolitical shifts favoring U.S. energy companies in acquiring Russian assets.

Keywords

#Lukoil #international assets acquisition #Russian oil sanctions #energy sector M&A #Chevron #Quantum Energy Partners

Tickers

CVX LUKOY

← Prev: S&P 500: Stocks Climb Despite Diverging Risk Signals and Falling Leverage Costs

Next: „Telia Lietuva“ skaitmenina technologijų padalinį – mažins darbuotojų →