Chevron is talking to the governments of Iraq and Libya about exploration opportunities in the two Opec member nations, chief executive Mike Wirth said on Friday. Mr Wirth said discussions range from existing producing fields, exploration opportunities and improvements in fiscal terms. Chevron recently signed a memorandum of understanding with Libya's National Oil Corporation to explore development opportunities in the country. He added that the Houston-based company needs to see compelling opportunities for value in Iraq and Libya if Chevron were to invest. Chevron reported fourth-quarter earnings per share of $1.52, beating the LSEG consensus estimate of $1.45 per share.

Source: Libya Today January 31, 2026 04:54 UTC