Bangchak closes deal to purchase Esso Thailand

Energy conglomerate Bangchak Corporation Plc (BCP) has announced the closure of the deal to purchase Esso Thailand Limited from ExxonMobil Asia Holdings Pte.

The move significantly enhances BCP's asset portfolio, comprising refineries, fuel logistics, retail and land.

This transition will extend to locally owned and operated oil stations, providing them the choice to align with the Bangchak brand or shift to other oil brands

Esso's oil pumps at 832 service stations are projected to amalgamate with BCP's existing 1,361 units, resulting in a total of 2,193 units as of yesterday.

As part of the transaction, ExxonMobil retains the finished lubricant and chemical marketing businesses.