AbstractWe calculate Fermi‐surface properties of the Cuprate superconductors within the three band Hubbard model (also called the Emery model) using a cluster expansion for the proper selfenergy. The Fermi‐surface topology is in agreement with angular‐resolved photoemission data for dopings ∼ 20%. We discuss possible violations of the Luttinger sum‐rule for smaller dopings and the role of van‐Hove singularities in the density of states of the Zhang‐Rice singlets. We calculate the shift in the chemical potential upon doping and find quantitative agreement with recen