Chevron to acquire NEXBASE from Neste.

Chevron, an integrated energy and technology company, agreed to acquire NEXBASE, a company that designs and manufactures dash cameras, from Neste, a provider of oil refining and renewable solutions and Bahrain Petroleum Company. Financial terms are not disclosed. “We expect the addition of the NEXBASE™ brand and associated business to provide value to our customers through improved logistics, reduced complexity and optimized solutions. This acquisition is poised to satisfy our customers’ growing needs to meet increasingly stringent lubricant standards driven by evolving vehicle specifications, and maintains the technology leading positions of our past base oil investments. Coupled with our investment in Novvi to bring renewable base oils to the market, this acquisition positions Chevron to be the supplier of choice to meet customers’ needs both today and into the future," Alicia Logan, Chevron Base Oils General Manager.