Shell Signs Deal to Purchase 35% Interest in Chevron's Offshore Angolan Oil Blocks

11:46 PM EST, 01/06/2026 (MT Newswires) -- Shell (SHEL.L, SHELL.AS) signed a deal to purchase a 35% interest in Chevron's Block 49 and 50 offshore Angola, according to a Tuesday statement by the oil and gas major. The agreement, signed with Chevron's (CHV.F) unit Cabinda Gulf Oil Co., already secured approval from the government and is now subject to final legal requirements.