As we enter the second half of 2025, Chevron Corporation (NYSE: CVX) is sharpening its strategic focus across shale, LNG, and energy innovation. Despite market volatility and regulatory uncertainty, Chevron remains committed to disciplined growth and technological leadership. Based on recent announcements, rig activity, and executive commentary, here are the Top 5 Priorities Chevron is expected to focus on for the rest of 2025:

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1. 🛢 Boosting Permian Basin Efficiency, Not Headcount

Chevron is doubling down on capital efficiency in the Permian Basin. Even with Q1 2025 rig activity down 24% year-over-year, production rose 12%—thanks to techniques like triple-frac completions, longer laterals, and automation.

✅ Target: Use triple-frac on 50–60% of wells (up from 20% in 2024)
💡 Focus: Doing more with fewer rigs and less CapEx
🔁 Strategy: Lean completions + AI-driven optimization over raw rig volume

Expect Chevron to continue prioritizing efficiency metrics like cost per stage, cycle time, and GHG intensity per BOE.

2. 🌍 Scaling U.S. LNG Exports—Lake Charles and Beyond

Chevron deepened its LNG commitment by expanding its offtake to 3.0 mtpa at Energy Transfer’s proposed Lake Charles LNG terminal. The company sees U.S. natural gas exports as critical to long-term energy security.

⚓ Long-term SPA signed through 2045
⛴ Awaiting Final Investment Decision (FID)
🌐 Focus markets: Europe, Asia

As the U.S. positions itself as the top global LNG exporter by 2026, Chevron’s investments signal long-term bullishness on LNG.

3. 🔋 Entering the Lithium Race via the Smackover Formation

Chevron is pivoting into critical minerals with its acquisition of 125,000 net acres in Arkansas and Texas, targeting lithium-rich brines in the Smackover Formation. This move supports Chevron’s New Energies division.

🧪 Plan: Use Direct Lithium Extraction (DLE) for EV and grid storage supply chains
🔄 Competitive advantage: Fluid handling expertise from oil & gas operations

Lithium demand is expected to quadruple by 2030—and Chevron wants in early.

4. ⚡ Powering AI Data Centers with Natural Gas

Chevron is teaming up with GE Vernova and Engine No. 1 to build behind-the-meter power plants supplying natural gas to hyperscale AI data centers.

🚀 Goal: Deliver 4 GW of power to AI infrastructure
🔋 Equipment: GE 7HA turbines (with carbon capture compatibility)
📅 Timeline: First turbines in service by 2027

This represents a strategic expansion into digital infrastructure energy supply—an emerging high-demand market.

5. 🔄 Restructuring & Divesting for Long-Term Value

Chevron is actively pruning its portfolio and streamlining operations to stay lean:

🛠 800 layoffs in Midland County (effective July 2025)
💰 Sold 70% interest in East Texas gas assets to TGNR
🎯 Ongoing $10–15B global divestment plan through 2028

Simultaneously, it’s reinvesting in scalable, high-return plays like the Whale deepwater project (100,000 boe/d at peak) and low-carbon Permian infrastructure.