ENEOS Group concludes Share Purchase Agreement with Chevron

ENEOS Holdings, Inc. announced that it has entered into a share purchase agreement to acquire 100% of the shares in Chevron's entities operating fuel and lubricant sales businesses across Singapore, Malaysia, the Philippines, Australia, Vietnam, and Indonesia. The total acquisition cost is approximately 2.17 billion USD (around 336 billion JPY). The transaction, subject to regulatory approvals, is expected to close in 2027. This acquisition aims to strengthen ENEOS's overseas profitability in growing Southeast Asian markets and optimize its supply chain by maintaining the trusted Caltex brand.