StocksMedium•9 November 2026•
1 min read
Chevron to Sell 25% Stake in Namibian Offshore Block to QatarEnergy
Key Facts
1Chevron has agreed to sell a 25% participating interest in a Namibian offshore exploration block to QatarEnergy.
Chevron has agreed to sell a 25% participating interest in a Namibian offshore exploration block to QatarEnergy. Benzinga reported that the divestment is part of the company's portfolio management strategy to optimize its global exploration assets and manage international capital allocation.
Chevron shares closed at $212.61 on November 6, 2026, while XOM closed at $165.87 on the same date. Within the same sector, SHEL closed at $99.09 and BP closed at $44.53 on November 6, 2026.