Chevron Targets European LNG Growth With Regasification Plans

Chevron Corporation CVX is in early talks to invest in European regasification terminals, signaling a strong move to expand its presence in the region’s liquefied natural gas (LNG) market. With Europe sharply reducing Russian pipeline gas imports since 2022, the continent has leaned heavily on LNG, making the company’s interest both timely and strategic.Security & Infrastructure at the CoreChevron’s global gas president emphasized that regasification is not just about business — it’s tied to Europe’s national security. The company is evaluating both existing and new regasification infrastructure, underscoring the need for capacity to meet the continent’s rising demand.Chevron’s Expansion Beyond EuropeChevron’s LNG strategy extends beyond Europe. The company is actively developing options in the Eastern Mediterranean, including potential floating LNG projects linked to the Leviathan gas field. This field already supplies natural gas to Egypt and Jordan, supporting regional energy needs.Building a Global LNG PortfolioChevron has secured long-term agreements from major U.S. LNG players like Energy Transfer, Cheniere and Venture Global LNG. With assets across Asia Pacific, the Eastern Mediterranean, West Africa, the Permian and the U.S. Gulf Coast, CVX sees long-term value in its diverse portfolio, positioning itself as a stronger player in the global LNG market.CVX’s Zacks Rank & Key PicksHouston, TX-based Chevron is one of the largest publicly traded oil and gas companiesthat participates in every aspect related to energy — from oil production to refining and marketing. Currently, CVX has a Zacks Rank #3 (Hold).Investors interested in the energy sector may consider some better-ranked stocks like California Resources Corporation CRC, Delek Logistics Partners, LP DKL and Oceaneering International, Inc. OII. While California Resources sports a Zacks Rank #1 (Strong Buy) at present, Delek Logistics and Oceaneering International carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.California Resources is an oil and natural gas exploration and production company, operating primarily in California. The Zacks Consensus Estimate for CRC’s 2025 earnings indicates 11.8% year-over-year growth.Delek Logistics owns, operates, acquires and constructs crude oil and refined products logistics and marketing assets. The Zacks Consensus Estimate for DKL’s 2025 earnings indicates 31.4% year-over-year growth.Oceaneering International is one of the leading suppliers of offshore equipment and technology solutions to the energy industry. The Zacks Consensus Estimate for OII’s 2025 earnings indicates 57.9% year-over-year growth.Zacks Names #1 Semiconductor StockThis under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chevron Corporation (CVX): Free Stock Analysis Report Oceaneering International, Inc. (OII): Free Stock Analysis Report Delek Logistics Partners, L.P. (DKL): Free Stock Analysis Report California Resources Corporation (CRC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks