Chevron aims to build a more balanced portfolio of refineries, according to Brant Fish, the company’s president of international products. He spoke at the APPEC energy event in Singapore.
Fish explained that in markets such as South Korea, Chevron continues to invest heavily in petrochemicals and heavy oil upgrading. In contrast, the company takes a different approach in Singapore, where it avoids large-scale refinery investments. Instead, Chevron focuses on achieving stronger returns across market cycles by prioritizing capital efficiency.
In June, Reuters reported that Chevron had invited non-binding bids for the sale of its 50% stake in Singapore Refining Company (SRC). This move highlights the energy giant’s strategy to diversify its global refining assets and maximize returns.
