Chevron and Quantum Energy Partners Submit Joint Bid for Lukoil's $22 Billion Assets
Chevron and Quantum Energy Partners have announced a joint bid for Lukoil's international assets valued at $22 billion. If successful, the assets will be split between the two companies. This move marks a significant moment in the energy sector amid ongoing geopolitical tensions.
Insights:
Chevron Corporation and Quantum Energy Partners have teamed up to submit a joint bid for the international assets of Russian oil giant Lukoil PJSC , valued at approximately $22 billion. This potential acquisition, reported by the Financial Times on January 7, 2026, represents one of the largest transactions in the energy sector since sanctions were imposed on Russia 
RUfollowing its invasion of Ukraine.
RUfollowing its invasion of Ukraine.
