TOKYO, May 14 (Pulse News Wire) – Eneos Holdings,inc. (5020.T) announced today that it had entered into share purchase agreements based on its board resolution dated May 14, 2026, to acquire stakes in Chevron's downstream operations across Singapore, Malaysia, Philippines, Australia, Vietnam, and Indonesia.
The total consideration for the acquisition is approximately $10.56 billion. The acquisitions include shares in Chevron Singapore Pte. Ltd., Chevron Malaysia Limited, Chevron Philippines Inc., Chevron Australia Downstream Holdings Pty Ltd., and PT Chevron Oil Products Indonesia.
The transaction is expected to close in 2027 upon securing necessary regulatory approvals. This strategic move aligns with ENEOS’s portfolio reconfiguration efforts outlined in its fourth medium-term plan. It aims to strengthen its presence in growing markets and expand revenue opportunities through increased fuel oil and lubricant sales in Southeast Asia and Australia.
In addition to enhancing operational efficiency and trading activities, ENEOS targets a contribution of $2 million to operating profit by fiscal 2030 from these newly acquired businesses.
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