comscore Hawaii Chevron stations sold, will become Texaco stations | Honolulu Star-Advertiser
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Hawaii Chevron stations sold, will become Texaco stations

  • ASSOCIATED PRESS / 2005

    Chevron Corp. announced Tuesday it agreed to sell its Hawaii oil refinery to Island Energy Services LLC, a subsidiary of New York-based, private-equity firm One Rock Capital Partners LP. A bakery truck refuels at a Chevron gas station in Mountain View, Calif.

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All Chevron gas stations in Hawaii will become Texaco stations later this year as part of the sale of Chevron Corp.’s Hawaii oil refinery to private-equity firm One Rock Capital Partners LP.

Terms of the sale were not disclosed, but One Rock said all 300 Hawaii-based employees will be offered continued employment.

The Kapolei plant has the capacity to process more than 50,000 barrels of crude daily. The transaction also includes 58 gas stations, four fuel terminals and a network of pipelines, Chevron said today in a statement.

The sale is expected close during the second half of this year, New York-based One Rock said in a separate statement.

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