Chevron wraps up Puma acquisition in Australia

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By Mirza Duran US energy giant and LNG operator Chevron has completed the acquisition of Puma Energy’s Australian commercial and retail fuels business.

Image: Chevron

Singapore’s Puma Energy, majority-owned by Trafigura and Sonangol, sold all off shares and equity interests in the Australian business to Chevron’s downstream unit.

The deal has a price tag of A$425 million ($292 million).

The acquisition adds a network of more than 360 company-owned and retailer-owned service stations to Chevron’s Australian portfolio.

It also includes a commercial and industrial fuels business, owned or leased seaboard import terminals and fuel distribution depots .

“This strategic acquisition further integrates our value chain in the Asia

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