One of the world’s largest integrated energy companies. In Argentina, it focuses on the development of unconventional oil and gas resources in Vaca Muerta.
It operates in the Neuquén Basin (Argentina), mainly in Loma Campana, El Trapial, and Narambuena, as well as in the Permian Basin (U.S.).
Engaged in the exploration and production of crude oil and natural gas.
It also operates in the lubricants market through Chevron Lubricantes Argentina.
Argentine Economy Minister Luis Caputo confirmed the filing after meeting Chevron CFO Eimear Bonner and Chief Corporate Affairs Officer Laura Lane. The ticket dwarfs the U.S. major's individual public commitments over its 13-year history in the country and ranks among the largest single applications under Argentina's Large Investment Incentive Regime
U.S. Energy Secretary Chris Wright and Interior Secretary Doug Burgum convened a 45-minute call with the CEOs of ExxonMobil, Chevron, Occidental Petroleum and Continental Resources. The U.S. rig count has fallen to 543, the Permian is holding at 242, and independent producers plan flat 2026 capital expenditure. For Argentina, the read-through runs through capital: when price-drilling elasticity breaks in the dominant basin, rotation into Vaca Muerta stops being an optional bet.
Gas y Petróleo del Neuquén will publish tender documents in May for 15 blocks selected from its reserved-area portfolio, with formal opening set for August 19. A request from Continental Resources at Bank of America's Argentina Week accelerated the original schedule by two years and aligns with the early startup of Oldelval's Duplicar Norte pipeline, which unlocks the northern hub.
QatarEnergy and Chevron's entry into Shell-operated blocks completed full consortium coverage of Uruguay's offshore platform for the first time. With $233 million in committed work programs, a 3D seismic campaign 22% complete, and APA Corporation's exploration well confirmed for 2026, the country's offshore push is locked in.
Roch Proyectos will take three mature San Jorge Gulf Basin blocks ceded by YPF to Santa Cruz province, targeting secondary and tertiary recovery in fields that leave more than 70% of original oil in place
With Veladero and Diablillos, the sector now accounts for six of the 12 projects approved under the regime. The pending pipeline — led by Glencore with $13.5 billion in copper projects — suggests that share will grow even further.
Preparatory work is underway for the directional drilling on the north bank, while on the south bank a welded and hydrostatically tested pipe section is ready for insertion, with additional works still pending at the site.
Analysts from UBS, Kpler, Ninepoint and Bison offer a technical take on Venezuela, Iran, energy and the market impact of geopolitical decisions led by Donald Trump and his former European allies.
The agreement marks the formal start of a strategic relationship between the two companies, aimed at boosting DAPSA’s growth through the marketing of Chevron commodities in the region. The parties will also evaluate additional areas of business integration, including the expansion of DAPSA’s supply logistics.
With 1,791 stages, December reflected a slight slowdown, coming in below the annual monthly average of 1,982 stages and well off the record set in May at 2,588. YPF continued to dominate activity with 778 stages, accounting for 43% of the monthly total.
Oldelval expects early start-up by the end of 2026. In its first phase, the pipeline will transport 220,000 barrels per day, expandable to 300,000 and eventually 500,000.
While U.S. shale basins face the maturity of oil fields that once seemed endless, the opposite is unfolding in Argentina’s Patagonia: Vaca Muerta is just getting started, and its momentum is already making allies and rivals take notice.
A specialized report highlights the sector's potential and emphasizes that its activity depends not on temporary incentives, but on operational maturation. It also notes the impact on import reduction and the development of related sectors.
