Chevron joins race to buy Lukoil assets


FILE PHOTO: A Chevron logo at the Chevron building in Houston, Texas, U.S. August 19, 2025. REUTERS/Kaylee Greenlee/File Photo

NEW YORK: US oil major Chevron is studying options to buy global assets of sanctioned Russian oil firm Lukoil, five sources familiar with the process SAY.

The US Treasury gave clearance last week to potential buyers to talk to Lukoil about foreign assets.

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Chevron , Lukoil , acquisition , oil

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