One of the world's largest oil and gas companies, Chevron is the largest producer of natural gas for Israel.
Chevron operates and partially owns the largest Israeli natural gas fields, Tamar and Leviathan. These gas fields are located in the eastern Mediterranean sea, west of Haifa. The gas from Tamar is processed in a rig that is located farther south, off the coast of Isdud/Ashdod. Chevron made an estimated $1.5 billion in revenue from Tamar and Leviathan gas sales alone in 2022.
Chevron also operates and partially owns the East Mediterranean Gas (EMG) Pipeline, which runs from Israel to Egypt, off the shores of the Gaza Strip. Similarly, Chevron is the operator and partial owner of the Dalit gas field, which is yet to be developed, and the Mari B gas field, which has been depleted and inactive since 2013.
As the operator of these gas fields and the pipeline, Chevron is in charge of all operations of these projects, including planning, construction, production, and supply.
Chevron is a also major owner of the CPC oil pipeline in Russia, used to supply crude oil to Israel. It is also a partial owner in the main Kazakh companies which supply crude oil through that pipeline.
Between 2021 and July 2023, Chevron spent over $21 million on lobbying the U.S. government, including on energy issues related to Israel.
Chevron entered the Israeli market in 2020, with the acquisition of Noble Energy. It can choose to sell off this investment at any time.