Chevron Corporation (CVX) to Suspend Production at Leviathan Gas Field Offshore Israel

Chevron Corporation (NYSE:CVX) is among the 14 Best Oil and Gas Dividend Stocks to Buy Right Now.

Chevron Corporation (NYSE:CVX) manufactures and sells a range of high-quality refined products, including gasoline, diesel, marine and aviation fuels, premium base oil, finished lubricants, and fuel oil additives.

It was reported on March 2 that Chevron Corporation (NYSE:CVX) has declared force majeure at the Leviathan gas field offshore Israel, after the country’s government ordered the temporary suspension of production. The decision has been taken on security grounds following the outbreak of hostilities with Iran.

Leviathan is the largest gas field in Israel and supplies gas to Egypt and Jordan, in addition to its home country. The field provided 8.1 billion cubic meters of gas to the three markets in the first nine months of 2025, with Egypt accounting for over half of that volume. Given its importance in the region’s energy security, the Chevron-led Leviathan consortium had recently approved a $2.3 billion first phase of an expansion project to help boost the field’s capacity from about 12 Bcm per year to roughly 21 Bcm annually.

With an annual dividend yield of 3.83%, Chevron Corporation (NYSE:CVX) is included among the 14 Best Warren Buffett Dividend Stocks to Buy.

While we acknowledge the potential of CVX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.