Latest news with #Texaco-branded
RTÉ News
09-07-2025
- Business
- RTÉ News
CCPC clears Circle K's deal for eight Texaco service stations
The consumer watchdog has cleared Circle K's proposed acquisition of eight Texaco-branded service stations in Dublin and Meath. Nine of the 13 Pelco-operated filling stations were originally included in the proposed transaction. The Competition and Consumer Protection Commission gave the green light after Circle K agreed not to proceed with purchasing one of the service stations, located in Coolock. As part of the deal, the forecourt retailer also agreed to divest its service station on Beaumont Road to another operator under a long-term lease arrangement. An investigation by the CCPC found that while competition would not be substantially lessened in most areas as a result of the transaction, it said "potential issues could arise in certain parts of north Dublin." "Circle K holds a large share in the retail sale of motor fuels in Artane and Coolock in north Dublin, far greater than any remaining supplier there. If the transaction went ahead as proposed, Circle K's share would increase significantly," the consumer watchdog added. The CCPC said following the investigation and in light of the legally-binding commitments made by Circle K, it concluded that "the transaction will not result in a substantial lessening of competition." An independent monitoring trustee will be appointed to ensure Circle K complies with the agreed commitments.
Irish Examiner
09-07-2025
- Automotive
- Irish Examiner
CCPC clears acquisition of filling stations by Maxol and Circle K
The Maxol Group has been cleared to acquire three sites in Dublin bringing to 248, the number of sites and filling stations it operates in Ireland. The Competition and Consumer Protection approved the acquisition. The three stations are currently supplied by Maxol under a fuel wholesale agreement and owned by Johnny and Susan Brady, and located at Spawell Auto stop, Templeogue, Coolquay Service Station, Dublin 11 and Crosslands Service Station in Clondalkin. The acquisitions are part of Maxol's five-year, €175m investment strategy. Maxol acquired eight forecourts and completed 14 redevelopments last year. Maxol CEO Brian Donaldson said the three Dublin sites will undergo a retrofitting programme, including the introduction of a Maxol Deli and ROSA Coffee stations. 'Today, more than 40% of Maxol's gross profit is generated from non-fuel services. Convenience retail, food offerings, car wash facilities, and new mobility solutions have become key drivers of our business growth," he said. "It is our goal to have all three sites transferred and operating under the Maxol model by the end of the summer.' Separately, the CCPC also cleared the proposed acquisition of eight Pelco-operated, Texaco-branded service stations in Dublin and Meath by Circle K. An investigation by the CCPC found that while competition would not be substantially lessened in most areas as a result of the transaction. They said potential issues could arise in certain parts of north Dublin. Circle K holds a large share in the retail sale of motor fuels in Artane and Coolock in north Dublin, far greater than any remaining supplier there. If the transaction went ahead as proposed, Circle K's share would increase significantly. Circle K has agreed not to proceed with the acquisition of the Pelco service station in Coolock as part of the deal and to divest the Circle K service station at 9 Beaumont Road, Dublin 9, to another operator under a long-term lease arrangement.
Yahoo
22-05-2025
- Business
- Yahoo
Chevron Eyes Major Oil and Gas Assets in Indonesia
Chevron Corporation (NYSE:CVX) has shown interest in tapping into Indonesia's oil and gas assets with substantial reserves, according to Djoko Siswanto, head of the country's upstream regulator SKK Migas, who made the statement on May 20. Djoko noted that Chevron is evaluating blocks that could hold approximately 15 trillion cubic feet of gas, though the company is still in the early stages of assessing these opportunities. Chevron Corporation (NYSE:CVX) is one of the leading players in the global oil and gas industry, known for producing and marketing a wide array of refined products such as gasoline, diesel, jet and marine fuel, premium base oils, lubricants, and additives. It operates five refineries across the United States and maintains a strong retail presence through its Chevron and Texaco-branded service stations. As part of its renewed interest, Chevron Corporation (NYSE:CVX) may consider acquiring blocks in Bali or other regions in eastern Indonesia. Chevron's relationship with Indonesia dates back to 1924, when it first sent a geological team to explore the island of Sumatra. Over the decades, the company has extracted over 12 billion barrels of oil from the country's onshore and offshore fields. In partnership with the Indonesian government and other stakeholders, Chevron Corporation (NYSE:CVX)'s operations have contributed significantly to the local economy. However, in 2023, the company exited the country after divesting its interest in the Indonesia Deepwater Development (IDD) project, which had been delayed due to changes in the facility's design. While we acknowledge the potential of CVX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CVX and that has 100x upside potential, check out our report about this cheapest AI stock. READ MORE: and Disclosure. None. Sign in to access your portfolio
