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Chevron and Quantum Prepare $22 Billion Bid for Lukoil Assets
Market Intelligence Analysis
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Why This Matters
Chevron and Quantum Energy Partners are preparing a $22 billion joint bid for Lukoil's international assets, which includes upstream and downstream operations, following Chevron's consideration of a bid since November.
Market Impact
Market impact analysis based on bullish sentiment with 80% confidence.
Sentiment
Bullish
AI Confidence
80%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Chevron and Quantum Energy Partners have teamed up on a joint bid for the international assets of Russian oil major Lukoil, estimated to be worth $22 billion, the Financial Times reported today without going into detail about the bid. Reuters noted in its own report on the FT news that Chevron has been mulling over a bid for Lukoil’s global businesses since November last year. According to the FT report, the plan was to buy the assets and then split them with Quantum Energy Partners. The assets, including both upstream and downstream operations…
Original article published by
OilPrice.com
on January 7, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.