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With an annual dividend yield of 3.89% as of May 29, Chevron Corporation (NYSE:CVX) is included among the Dividend Aristocrats Ranked By Yield: Top 10 Stocks

Chevron Moves to Increase Mediterranean Footprint with Greece Offshore Deal

On May 28, Reuters reported that Chevron Corporation (NYSE:CVX) had filed a request to acquire a 70% stake in an offshore block southwest of Greece from Helleniq Energy. This move would expand the company’s footprint in the Mediterranean.

According to Greece’s energy ministry, Chevron would take over as the operator of Block 2 in the Ionian Sea if the request is approved. The company would lead gas exploration activities in the area, while Helleniq Energy would keep a 30% stake. The ministry also said Greece is considering giving the two companies additional time to review seismic data collected from the region before deciding whether to proceed with exploratory drilling.

Separately, Chevron announced on May 29 that Scott A. Keller has been appointed general counsel. Keller, 44, will join the company on July 1 and report to Chevron’s current chief legal officer, R. Hewitt Pate. The appointment comes as the company prepares for Pate’s expected retirement in mid-2027 after 17 years of service.

Chevron said Keller is expected to become chief legal officer on January 1, 2027. In that role, he will oversee the company’s legal affairs worldwide and report directly to Chairman and CEO Mike Wirth.

Chevron Corporation (NYSE:CVX) is an integrated energy company with operations spanning the energy sector. It produces crude oil and natural gas, manufactures transportation fuels, lubricants, petrochemicals, and additives, and develops technologies that support its business and the industry as a whole.

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