# Eneos to buy Chevron's 50% interest in Singapore Refining Company.

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

## Key points

- Chevron agreed to sell its 50% stake in Singapore Refining Company to Eneos for $2.2 billion.
- Eneos will acquire additional Chevron assets in Southeast Asia and Australia as part of the deal.
- Chevron's sale aligns with its strategy to streamline global assets and reduce operational costs.
- Eneos is expanding internationally, including a 10% stake in Malaysia's LNG Tiga joint venture with Petronas.

**Companies:** Chevron, Eneos, PetroChina
**Countries:** Japan, Singapore, China, Australia, Malaysia

[Read the full story on OilPrice](https://oilprice.com/Latest-Energy-News/World-News/Chevron-Sells-Singapore-Refinery-Stake-to-Eneos.html)

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