When is Chevron expected to close the sale of its 50% stake in Singapore Refining to Eneos, and what caused the delay from the original timeline?

Chevron is likely to close the deal for the sale of its 50% stake in Singapore Refining and other regional assets to Japan's Eneos in May, according to two sources familiar with the matter. The deal—valued at $1 billion or more—had originally been expected to be completed in the first quarter, but the timeline was pushed back slightly following a major energy supply disruption caused by the U.S.-Iran war.

Who are the parties involved in the refinery stake transaction, and what is the reported value of the deal?

The transaction involves U.S. energy major Chevron (CVX.N) selling its 50% stake in Singapore Refining and other regional assets to Japan’s top refiner Eneos (5020.T). The deal is valued at $1 billion or more, as reported by Reuters.

Chevron Likely to Close Deal for Singapore Refinery Stake Sale to Eneos in May, Sources Say

Apr 28, 2026

Chevron plans to finalize a $1 billion sale of its 50% stake in Singapore Refining to Eneos by May, delayed from Q1 due to geopolitical energy supply disruptions.

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