Chevron Joins Lithium Race With 125,000-Acre Texas-Arkansas Deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 23 2025
0mins
Should l Buy CVX?
Source: Benzinga
Chevron's Entry into Lithium Market: Chevron U.S.A has acquired lease rights to approximately 125,000 acres in northeast Texas and southwest Arkansas to access the lithium-rich Smackover Formation, aiming to enhance domestic lithium supply chains and support energy manufacturing.
Direct Lithium Extraction Technology: Chevron plans to utilize direct lithium extraction (DLE) technologies for efficient processing of lithium-bearing brine, positioning itself alongside ExxonMobil, which is also investing in DLE projects despite a significant drop in lithium prices.
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Analyst Views on CVX
Wall Street analysts forecast CVX stock price to fall
19 Analyst Rating
15 Buy
4 Hold
0 Sell
Strong Buy
Current: 182.400
Low
158.00
Averages
176.95
High
206.00
Current: 182.400
Low
158.00
Averages
176.95
High
206.00
About CVX
Chevron Corporation is an integrated energy company. The Company produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance its business and industry. The Company’s segments include Upstream and Downstream. Upstream operations consist primarily of exploring for, developing, producing and transporting crude oil and natural gas; liquefaction, transportation and regasification associated with LNG; transporting crude oil by major international oil export pipelines; processing, transporting, storage and marketing of natural gas; carbon capture and storage; and a gas-to-liquids plant. Downstream operations consist primarily of the refining of crude oil into petroleum products; marketing crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels, and transporting of crude oil and refined products by pipeline, marine vessel, motor equipment and rail car.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Business Development Potential: This investment will enable Bangchak to further develop its overseas fuel retail business, expand into a fully integrated marine fuels business, enhance its customer base, and strengthen energy logistics capabilities, thereby creating new long-term growth opportunities.
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