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It’s now evident that the XOM’s Permian factory has reached an inflection point and starting to experience technical and operational challenges. Please share your experiences and potential outcomes.
Will XOM make another purchase? Who and when? Certainly missed the last opportunity and now candidate companies are overvalued by +66%.
How long will XOM maintain a +22 rig line? It’s cheaper to buy production then it is to develop your own acreage.
Hundred of open position, lots of new customers, very high renewal rates
We are a rocketship and the market is impressed
I’ve seen most indirect retailers are hiring for newly created small business account managers. Does Verizon have a plan to layoff some of their VBG employees? I’ve heard that Verizon is making the retailers hire that position. Anyone hear anything similar?
Heard on the grapevine that the sell off to BT is now more likely than the mass dismissal in EMEA. At least for Professional Services teams working on Security products. That should buy people some security for a few years. Regarding exactly which teams, remains to be seen. BT earnings call today 21.05.
5/14/2026 12:00:00 PM
Deal includes Chevron assets in Vietnam, Australia, Philippines, Malaysia
Deal expected to close in 2027
Chevron divests Asian refining assets to streamline operations
Eneos aims to boost overseas sales share to over 50% by 2030, CEO says
Eneos Holdings said it will buy U.S. major Chevron's 50% stake in Singapore Refining Company and other assets in Southeast Asia and Australia for nearly $2.2 billion, in its first refining foray outside of Japan.
The deal, which includes Chevron's assets in Vietnam, Australia, Philippines and Malaysia, is expected to close in 2027, Eneos said. Chevron has been looking to divest refining and storage assets in Asia to streamline operations and reduce costs.
"This investment represents a significant step in strengthening the business platform that connects Japan with Southeast Asia and Oceania," said Eneos Holdings CEO Tomohide Miyata.
Eneos operates nine refining complexes in Japan including a joint venture with PetroChina.
Chevron divestment. SRC operates a 290,000 barrels-per-day refinery in Singapore and the other half of the company is held by PetroChina 0857.HK through its subsidiary Singapore Petroleum Co.
"The agreement reflects Chevron's disciplined approach to managing its international portfolio," said Andy Walz, president of Chevron's downstream, midstream and chemicals.
The SRC stake sale is the second major refinery deal in the Asian oil hub after Shell sold its Bukom refining and petrochemical complex in 2024. Chevron previously sold its Hong Kong retail stations to Thai refiner Bangchak Corp. Corp for $270 million.
The latest sale includes Chevron's Penjuru terminal and lubricants facility in Singapore, which has a storage capacity of around 400,000 cubic meters, roughly equivalent to 2.5 million barrels of oil.
Taking over a fuel terminal in one of the world's largest oil storage and blending hubs will expand Eneos' trading capabilities, especially in refined fuel, analysts said.
"It will be an important strategic move for Eneos to grow downstream given its domestic market in Japan is saturated and expected to decline," said Sushant Gupta, Wood Mackenzie's Asia Pacific refining and oils research director, a reference to Japan's long-term decline in demand owing to a shrinking population.
"It is not just the refinery but things that come along will be the deal sweetener."
Morgan Stanley was appointed by Chevron to handle the sale of the refinery stake and other assets in Asia.
Eneos eyes more overseas M&A deals. Eneos is looking to widen its overseas operations via the purchases from Chevron, while looking at other buys.
"With regard to our overseas operations, which currently account for just under 20% of sales, we intend to use this M&A as a catalyst to significantly expand this share - including through future growth in our trading business - with the aim of raising it to more than 50% by fiscal 2030," said Eneos' Miyata.
He said he did not believe the latest acquisition of assets from Chevron alone would be sufficient to achieve that goal.
"We aim to reach the target through future overseas M&As, and we are already taking steps in that direction," he added.
https://www.hydrocarbonprocessing.com/news/2026/05/eneos-to-buy-chevrons-singapore-refinery-stake-asian-assets-for-22-billion/
That was about 8 or 9 years ago.
I wonder if ROSS, MARSHALLS AND TJ MAXX has been added to strategic 40 accounts.
I know Nike is desperate but I wonder if Nike people count above as important accounts.
That is curious
As for the little account that Nike close? will not come back. Anyone with right mind will not open a new brick and mortar store.
What’s the over/under on Kimmeridge getting all their demands? Seem to have a good track record with influencing other institutional investors
With all of the recent layoffs on the Atleos Service side of the world interested if anyone has any connections on the Business Partner/Dealer side of the business? Curious of what their thoughts are on the impending acquisition and open positions that may be available. I would think they would interested in beefing up their teams with all of the talent on the streets.
Michelin announced 100 job reductions in Emporia, Kansas. The city has seen approximately 1,200 job losses recently. Tyson Foods closed a processing facility in 2025, cutting 800 jobs. Community leaders are discussing workforce and business development. Their goal is to help workers and expand local businesses.
Emporia, Kansas
https://www.ksn.com/news/state-regional/leaders-discuss-path-forward-after-recent-layoffs-in-emporia/
If Qualcomm is an AI company as the management claims, how come we did not close any meaningful AI deal?
All we do is new marketing brands
https://www.phonearena.com/news/at-t-has-big-plans-for-cricket-wireless-and-they-go-way-beyond-phones_id179442
https://finance.yahoo.com/sectors/technology/articles/ibm-announces-strategic-collaboration-arm-040100144.html
This is far more strategic than first appears as it gives Enterprise customers options while feeding IBM’s strategy of buying SW innovations.
With stock price halved, Kyndryl is a very attractive options for Private Equities and India IT chop shops that would love to have the sticky managed services clients. What are your thoughts?
Weird, never seen them hire so many employees and managers, they say it's in anticipation of a huge surge in work
There is no low that is low enough for these snakes
So Anderson says AIG is ready to grow... Are we going to buy other companies or what? I wonder if they will finally manage to create a working IT infrastructure with AI that actually helps people and doesn't drag them down
Any good acquisitions being looked at for growth in sales and gathering new innovations? For the right price Solventum could be a good value.
Instead of watered down deals and "pipelines"
Im considering a job in the business development roll.
Nielsen is posting Ads for day-care operators in Minnesota. Experience in fraud detection avoidance is the only skill requirement.
Rao and his PE buddies found a business model that brings in revenue without expenses!!
Lot of chatter among bankers about big M&A coming. Anyone hearing similar?
Any idea if anyone has news on IGS / PSS sale/spinoff/JV news? whats the motion as folks are RF for almost 6 months and still counting.
Where are we with this? Is the BT / Private Equity move true ?
Is the merge happening? Media has been pretty quiet about it. the most recent report was a clean team meeting was scheduled and it went well. Hope all goes well if the merge does happen but what's going to happen in certain markets. If pfg and usfood both delivering in the same area.who's going to take over those markets when you have delivery drivers and sales reps for both sides. I guess only time will tell if it's even going to happen or not happen.this is slow seasons but usfoods jist hired 10 drivers in my area.while we still have stand days going on. Doesn't make sense