( May 14, 2026, 07:48 GMT | Official Statement) -- MLex Summary: Japan’s Eneos said Thursday it has agreed to acquire certain Southeast Asian downstream businesses from US energy major Chevron for $2.17 billion, as the company seeks growth overseas amid declining domestic fuel demand. The acquisition includes Chevron’s fuels and lubricants marketing businesses in Singapore, Malaysia, the Philippines, Australia, Vietnam and Indonesia. Eneos said the deal would strengthen its presence in Southeast Asia and Oceania through Chevron’s cost-competitive operations. The Tokyo-based company said it aims to complete the transaction in 2027, subject to regulatory approvals and other customary closing conditions.The statement is attached. ...
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