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Chevron completes Puma acquisition

Chevron Australia has acquired all shares and interests of Puma Energy for $425 million.

The completed deal sees Chevron gain a network of more than 360 service stations, a commercial and industrial fuels business, owned or leased seaboard import terminals and fuel distribution depots.

Chevron Executive Vice President Downstream and Chemicals Mark Nelson said the company was excited to welcome Puma employees to the Chevron.

“This strategic acquisition further integrates our value chain in the Asia Pacific region by providing a well-developed infrastructure for products from our Asian refining joint ventures in an attractive market,” he said.

“Once we satisfy current licensing commitments in Australia, we look forward to extending the Caltex family of brands across the continent.”

For more information visit the Chevron Australia website.

If you have news you would like featured in The Australian Pipeliner contact Managing Editor David Convery at dconvery@gs-press.com.au

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