Chevron has acquired 125,000 net acres in Texas and Arkansas to develop domestic lithium, utilizing a direct lithium ...

Chevron is acquiring land to produce lithium. It's following in the footsteps of Exxon in developing a lithium business. The ...

American oil company Chevron has announced its entry into lithium production, an important raw material for electric car ...

CVX enters the lithium market with 125,000 acres leased in key regions, planning innovative extraction methods to support a ...

Chevron’s larger rival, ExxonMobil XOM, is already a step ahead in the lithium race. Back in 2023, the company secured 120,000 acres in the Smackover Formation, showing its early commitment to ...

Chevron said the acquisitions mark the first step in its establishment of a commercial-scale lithium business in the U.S.

Houston-based Chevron U.S.A. has become a player in the burgeoning East Texas lithium industry by purchasing about 125,000 acres in the Smackover Formation.

Chevron has signed two deals to buy leasehold acreage related to the Smackover Formation. It's buying 125,000 net acres across Northeast Texas and Southwest Arkansas from two sellers.

Chevron has acquired 125,000 net acres in Texas and Arkansas to develop domestic lithium, utilizing a direct lithium extraction process to extract the product from the Smackover Formation.

The formation, which is in Northeast Texas and Southwest Arkansas, is known to be a significant source of lithium brine.