ENEOS Holdings, Inc. entered into Share Purchase Agreement to acquire Several Downstream Business in Southeast Asia and Australia from Chevron Corporation for $2.2 billion.
Published on 05/14/2026
at 03:50 am EDT - Modified on 05/14/2026
at 04:05 am EDT
ENEOS Holdings, Inc. (TSE:5020) entered into Share Purchase Agreement to acquire Several Downstream Business in Southeast Asia and Australia from Chevron Corporation (NYSE:CVX) for $2.2 billion on May 14, 2026. A cash consideration of $2.17 billion will be paid by ENEOS Holdings, Inc. As part of consideration, $2.17 billion is paid towards common equity of Several Downstream Business in Southeast Asia and Australia. ENEOS Holdings, Inc. agreed to acquire acquire 100% of Chevron?s downstream fuels and lubricants marketing businesses in Singapore, Malaysia, the Philippines, Australia, Vietnam and Indonesia, which includes Chevron Singapore Pte. Ltd.?s 50% non-operated interest in the Singapore Refining Company
The transaction is subject to approval by regulatory board / committee. The transaction is expected to close in calendar year 2027.
ENEOS Holdings Inc is a Japan-based company mainly engaged in the energy business, oil and gas development business, and metal business. The Company operates through three business segments. The Energy segment is engaged in refining and sale of petroleum, the provision of lubricants, basic chemicals, functional chemicals, gas, coals, electricity, new energy and other products. The Oil and Natural Gas Development segment is engaged in the exploration, development and production of petroleum and natural gas. The Metal segment is engaged in the manufacture and sale of copper foil, precision rolled products, precision processed products, thin film materials, development and mining of non-ferrous metal resources, non-ferrous metal products, as well as the industrial waste treatment, titanium and electric wires. The Company is also engaged in group common businesses such as asphalt paving, civil engineering work, construction work, land transportation, real estate rental and fund raising.
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ENEOS Holdings, Inc. entered into Share Purchase Agreement to acquire Several Downstream Business in Southeast Asia and Australia from Chevron Corporation for $2.2 billion.
