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Deals

Chevron and Quantum Capital Group line up bid for $22 billion of Lukoil assets

Thursday, March 5, 2026 · first reported by Upstream Online

Chevron and Quantum Capital Group are jointly bidding for approximately $22 billion in international assets from sanctioned Russian oil company Lukoil. This represents a significant M&A transaction involving a private equity group.

Asset class
Private equity

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