Chevron’s Greece Ultra Deepwater Push Tests Valuation And Growth Story

Simply Wall St

Tue, February 17, 2026 at 8:12 AM GMT+9 2 min read

In this article:

CVX

+0.73%

HLPMF

-22.80%

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St.

Chevron has signed lease agreements with the Hellenic Republic to explore four ultra deepwater offshore blocks in Greece through a consortium with HELLENiQ ENERGY.

The new Greek acreage sits in a complex and underexplored basin that is viewed as having significant hydrocarbon potential.

Chevron is also expanding its upstream footprint with recently announced acreage wins in Libya and other regional ventures.

For investors tracking NYSE:CVX, these moves come as the stock trades at $183.74, with returns of 17.9% year to date and 22.4% over the past year. Over a 5 year period, the stock shows a return of 127.7%, which places this expansion within a period of solid long term performance.

Chevron’s push into ultra deepwater Greece and fresh acreage in Libya reflects an effort to broaden its upstream portfolio and resource options. As these projects progress, investors are likely to focus on capital commitments, exploration outcomes, and how new findings might interact with the company’s existing global asset base.

Stay updated on the most important news stories for Chevron by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Chevron.

NYSE:CVX Earnings & Revenue Growth as at Feb 2026

We’ve flagged 2 risks for Chevron. See which could impact your investment.

Quick Assessment

**⚖️ Price vs Analyst Target**: At US$183.74, Chevron trades about 1.1% above the US$181.67 analyst price target, sitting close to consensus.

**✅ Simply Wall St Valuation**: Simply Wall St estimates the shares are trading 51.2% below fair value, suggesting a wide valuation gap.

**✅ Recent Momentum**: The 30 day return of 10.5% points to positive short term momentum as the expansion story develops.

There is only one way to know the right time to buy, sell or hold Chevron: review a detailed assessment. Head to Simply Wall St’s company report for the latest analysis of Chevron’s Fair Value.

Key Considerations

📊 Greece and Libya acreage expands Chevron's resource options, which could reshape its long term production mix if exploration is successful.

📊 Watch capital spending on these ultra deepwater projects, the P/E of 29.6 versus the Oil and Gas industry average of 14.5, and any updates to reserves and project timelines.

⚠️ Two flagged risks, including insider selling and dividend coverage, mean you may want to keep an eye on capital returns alongside growth spending.

Dig Deeper

For the full picture, including more risks and potential rewards, check out the complete Chevron analysis. Alternatively, you can visit the community page for Chevron to see how other investors believe this latest news will impact the company’s narrative.

Story Continues  

_ This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned._

Companies discussed in this article include CVX.

Have feedback on this article? Concerned about the content? Get in touch with us directly._ Alternatively, email editorial-team@simplywallst.com_

Terms and Privacy Policy

Privacy Dashboard

More Info