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Chevron and Quantum Bid $22B for Lukoil Assets

1/7/2026

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Story summary
  • Chevron and Quantum Energy Partners are preparing a joint bid for Lukoil's international assets, valued at $22 billion, including oil and gas production, refining, and over 2,000 fuel stations across Europe, Asia, and the Middle East.
  • The move follows U.S. sanctions on Lukoil and Rosneft imposed in October.
  • Other bidders for Lukoil's assets include Carlyle and International Holding Company of Abu Dhabi.