Aerial view of a petroleum oil refinery in an industrial engineering concept. (Photo: Bangchak Corporation)Bangchak Corp will acquire Chevron’s Hong Kong fuel business for US$270 million as the Thai energy company accelerates its overseas expansion, it said. The Bangkok-based company agreed to buy 100% of Chevron Hong Kong Ltd, according to its Thai exchange filing. Chevron Hong Kong operates gas stations as well as industrial and marine fuel businesses in the territory, it said. The energy company in 2023 acquired a majority control of Exxon Mobil Corp’s Thai refinery and retail business for $644 million.

Source: Bangkok Post February 13, 2026 07:20 UTC