Announced
Completed
Financials
Tags
Majority
petroleum stations
Acquisition
Private
fuel distribution depots
Single Bidder
Australia
Oil Equipment and Services
fuel business
Friendly
Completed
Cross Border
Synopsis
Chevron completed the acquisition of Puma Energy (Australia) Holdings, a domestic commercial and retail fuel business of Puma Energy for $291m. “The acquisition will provide Chevron with a stable market for production volumes from our refining joint ventures in Asia and create a foundation for sustainable earnings growth. It will build on Chevron’s strong history of partnership in Australia and our global experience in fuels and convenience marketing and supply,” Mark Nelson, Chevron Executive vice president for Downstream & Chemicals.
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