CVX expands into lithium with 125,000 acres in Texas and Arkansas, fueling its push toward EV battery materials.

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

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

Chevron is acquiring land to produce lithium. The oil companies are slowly building out lower-carbon energy businesses. Oil ...

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

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 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.

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

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 USA acquires lease rights to 125,000 acres in Texas and Arkansas for lithium production, joining ExxonMobil's DLE project in Arkansas.

Chevron has jumped on the direct lithium extraction bandwagon in the USA’s Smackover Formation in Texas and Arkansas.