Chevron looks to sell 50% stake in Singapore refinery
Source: Exclusive: Chevron seeks buyers for 50% stake in Singapore refinery, sources say (2025-06-20)
Chevron is seeking buyers for its 50% stake in the Singapore-based refining joint venture, Singapore Refining Company (SRC), according to sources familiar with the matter. The move is part of Chevron's broader strategy to streamline its assets amid shifting energy markets and focus on core operations. The sale process is ongoing, with potential interest from regional and international players. The refinery, which has a capacity of around 290,000 barrels per day, is a key asset in Chevron's Asia-Pacific portfolio, but the company is exploring options to optimize its investments and adapt to evolving industry dynamics.