What is the scale and location of Chevron's proposed investment in Argentina, and what program is it applying for?

Chevron has applied to join Argentina's RIGI (incentive regime for large investments) for a $13.8 billion unconventional oil project in the El Trapial area of Vaca Muerta — one of the world's largest shale oil and gas reserves — marking one of the biggest new foreign investments planned for the country's shale patch.

Why does Chevron view Argentina's RIGI program as significant for its investment decision?

Chevron views frameworks like RIGI as key steps for Argentina’s energy industry because they contribute to regulatory predictability and incentivize long-term investment decisions, and the company commended the Argentine government for making meaningful progress toward unlocking the country’s world-class energy resources.

Chevron applies for Argentina tax break program with $13.8 billion investment plan

Jun 2, 2026

Chevron applied to join Argentina's large investment incentive regime for a $13.8 billion unconventional oil project in the Vaca Muerta shale region. The filing requires government approval and signals long-term growth plans for global energy companies in the strategic sector.

reuters

2026-04-09

Chevron forecasts up to $2.2 billion rise in upstream earnings from higher first-quarter prices

2026-04-22

Chevron Reports Crude Oil Spill at Pasadena, Texas Refinery

2026-05-01

Chevron's Upstream Strength Lifts First-Quarter Earnings Past Estimate

2026-05-05

Chevron expands Mediterranean activities with exploration offshore Malta

2026-06-02

Chevron applies for Argentina tax break program with $13.8 billion investment plan