Chevron to Sell Asia-Pacific Fuels, Lubricants Businesses to ENEOS for $2.17 Billion
Idag, 10:30
04:30 AM EDT, 05/14/2026 (MT Newswires) -- Chevron (CVX) agreed to sell its downstream fuels and lubricants marketing businesses in Singapore, Malaysia, the Philippines, Australia, Vietnam and Indonesia, to ENEOS for $2.17 billion, ENEOS said Thursday.
The company said the deal includes Chevron Singapore's 50% non-operated stake in Singapore Refining.
ENEOS further said it will complete the deal through a Singapore-based special purpose vehicle that will acquire Chevron's local downstream entities across the region.
The companies expect the transaction to close in 2027.
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Chevron to Sell Asia-Pacific Fuels, Lubricants Businesses to ENEOS for $2.17 Billion
Idag, 10:30
04:30 AM EDT, 05/14/2026 (MT Newswires) -- Chevron (CVX) agreed to sell its downstream fuels and lubricants marketing businesses in Singapore, Malaysia, the Philippines, Australia, Vietnam and Indonesia, to ENEOS for $2.17 billion, ENEOS said Thursday.
The company said the deal includes Chevron Singapore's 50% non-operated stake in Singapore Refining.
ENEOS further said it will complete the deal through a Singapore-based special purpose vehicle that will acquire Chevron's local downstream entities across the region.
The companies expect the transaction to close in 2027.
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