Chevron Nears Strategic Sale of Singapore Refining Assets in Q1 2026
Chevron is advancing negotiations to divest its Asia refining and related assets, with final deals on track for completion in the first quarter of 2026. The package includes Chevron’s stake in the Singapore Refining Co., a 290,000 barrels-per-day facility, alongside storage and distribution infrastructure in Southeast Asia.
Potential buyers include major Asian refiners and commodity trading houses seeking to expand processing footprints in key export markets.
Strategic divestment aligns with Chevron’s global portfolio optimization plans enabling reallocation of capital toward upstream growth and lower-carbon ventures.
Industry analysts say the sale reflects broader downstream realignments, with international players calibrating refining presence to regional demand prospects.
If consummated, the transaction could reshape refining dynamics in Southeast Asia, balancing legacy capacity with new ownership and operational models.
