Chevron Corp., one of the largest oil and natural gas producers in the world, is moving swiftly to capture lower carbon energy opportunities, with a bevy of partnerships announced in recent weeks designed to build its market share.

The San Ramon, CA-based supermajor is expanding its reach into the U.S. compressed natural gas (CNG) market and is working on renewable fuels deals that would advance hydrogen and sustainable transportation for rail and jets.

The flurry of announcements comes only weeks after the Chevron New Energies unit was launched to hold the lower carbon businesses. Executives plan to lay out their vision for how Chevron is looking to pull the business forward during a presentation on Tuesday (Sept. 14). ​​

Nationwide CNG Network

In one recent joint...