KHON – Chevron to sell Hawaii assets, stations to be rebranded as Texaco
Chevron USA Inc. announced Tuesday that it has reached an agreement with Island Energy Services to sell its assets in Hawaii.
The sale includes the 58,000 barrel-per-day refinery in Kapolei, interests in a network of 58 retail service stations, four product distribution terminals on Oahu, Maui, Kauai and Hawaii Island; pipeline systems and other related downstream assets statewide.
Financial terms of the transaction were not disclosed. The agreement is subject to customary regulatory approvals and is expected to be completed during the second half of the year.