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

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

A Multinational, Houston-based energy corporation recently made a big purchase that underscores the ascent of battery power.

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

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

Multinational oil giant Chevron announced Tuesday that it has struck a deal with energy start-up TerraVolta to jump into the ...

The oil major acquired two leases in the Smackover Formation, where Exxon Mobil and other companies are already preparing to ...

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.

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.