# ENEOS inked a share purchase agreement with Chevron subsidiaries to acquire Chevron's downstream fuels and lubricants marketing operations across Singapore, Malaysia, the Philippines, Australia, Vietnam, and Indonesia.

*business · news · 2026-05-14 · Benzinga*

## Key points

- ENEOS will acquire Chevron's downstream fuels and lubricants businesses in six Asia-Pacific countries.
- The acquisition includes Chevron Singapore's 50% non-operated stake in Singapore Refining Company (SRC).
- ENEOS will complete the purchase via a Singapore-based special purpose vehicle established for the deal.
- Chevron's 20-day SMA falling below its 50-day SMA signals a bearish near-term technical trend.
- Chevron is a heavyweight in ETFs like HDV, FDL, and FTXN, affecting fund-driven stock movements.

**Companies:** Chevron, ENEOS
**Countries:** Singapore, Malaysia, Philippines, Australia, Vietnam, Indonesia

[Read the full story on Benzinga](https://www.benzinga.com/markets/large-cap/26/05/52557171/chevron-pens-2-17-billion-downstream-asset-sale)

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