MAAT INDEX

CLAIM #19324 · CVX (CVX) · 2026Q1 earnings call · May 1, 2026 · due Dec 31, 2026

That is why we are investing in expanding production at both Tamar and Leviathan, making good progress on those projects, with some ramp-up this year of another 600 million cubic feet per day of production on a 100% basis, and a longer-term expansion of Leviathan underway

Michael Wirth · CEO

PENDING
graded after results covering Dec 31, 2026 are reported

How to check this claim

Look at: Combined incremental production capacity ramp-up at Tamar and Leviathan (100% basis, MMcf/d)

It came true if: Reported incremental production ramp-up during 2026 >= 600 million cubic feet per day (100% basis)

Where: Company-disclosed production updates (10-K/10-Q disclosures, quarterly earnings call commentary on Eastern Mediterranean assets)

In context

ally could. It is performing very well. We are in no hurry to do anything other than improve it. In due course, like every asset, we ask how it fits for the long term, but it is premature to ask that today. Operator: Thank you. We will take our next question from James West with Melius Research. James West: Good morning, Mike and Eimear. I wanted to dig in on your Eastern Mediterranean assets. Given the conflict near that region, those assets are much more valuable at this point. As we think about Leviathan, Tamar, which you operate, and Aphrodite, which you are involved in, how are you thinking about those assets going forward, given the need for natural gas in the region for energy security and other reasons? Michael K. Wirth: Broadly, I agree. We have liked these assets from the start. That is why we are investing in expanding production at both Tamar and Leviathan, making good progress on those projects, with some ramp-up this year of another 600 million cubic feet per day of production on a 100% basis, and a longer-term expansion of Leviathan underway—we took FID in January and are excited about that. We have begun FEED work at Aphrodite. This is high-quality, clean, biogenic gas. Demand in the region continues to grow. Supply reliability everywhere is a priority. The markets we are feeding are growing, and the quality of the resource is very high. The quality of the assets—credit to Noble—continues to impress us as we look at expansions and the way they were engineered and designed. We view the Eastern Med as an area with growth potential. We have exploration activity there. Think of it as a big gas hub with a lot discovered and more to be discovered. We are pleased with our position and you can expect us to continue with exploration and development opportunities over time. Operator: We will take our next question from Bob Brackett wi

Verify independently

SEC filings for CVX · Claim quote is verbatim from the 2026Q1 earnings call.