Chevron Lubricants Lanka

Chevron Lubricants Lanka PLC is a manufacturer, distributor and marketer of Petroleum-based lubricants in Sri Lanka. The company is one of the constituent of the S&P Sri Lanka 20 Index[2] and the Chevron Corporation holds a controlling stake (51.00%) of the company's stocks.[3] The company offers engine oils, gear oils, transmission oils under the brand name Havoline while offering diesel vehicle engine oils, industrial lubricants, coolants, brake fluids under the brand name Delo.[4]

Chevron Lubricants Lanka
TypePublic
CSE: LLUB.N0000
ISINLK0290N00003
Industry
Founded1992 (1992)
Headquarters
Colombo
,
Sri Lanka
Key people
  • N. M. Shamsuddin (CEO)
  • R. Kaul (Chairperson)
Revenue LKR 11,637,381,476 (2020)
LKR 3,035,780,209 (2020)
LKR 2,225,728,630 (2020)
Owner
  • Chevron Ceylon Limited (51.00%)
  • BNY M-Barca Global Master Fund (8.25%)
  • Renuka Hotels Limited (2.17%)
Number of employees
75
ParentChevron Corporation
Websitechevron.lk
Footnotes / references
[1]

Operations

Muhammad Najam Shamsuddin was appointed as the new managing director/CEO of the company in September 2020 after Patrick McCloud resigned from the position.[5] Kishu Gomes is the former managing director/CEO of the company and after 22 years of service quit the post in 2018.[6] In the third quarter of 2020, despite the effects of the COVID-19 pandemic sales of the company rose compared to the second of the year and the third quarter of 2019.[3] Chevron Lubricants Lanka operates a blending plant in Sapugaskanda.[7]

See also

References
  1. "Annual Report 2020" (PDF). cse.lk. Chevron Lubricants Lanka. p. 93. Retrieved 16 May 2021.
  2. "Indices". cse.lk. Colombo Stock Exchange. Retrieved 16 May 2021.
  3. "Chevron Lubricants reports strong 3Q on robust lube sales". dailymirror.lk. Wijeya Newspapers. 3 November 2020. Retrieved 16 May 2021.
  4. "Chevron Lubricants Lanka PLC". ft.com. Financial Times. Retrieved 16 May 2021.
  5. Gamage, Ishara (17 September 2020). "Shamsuddin new MD/CEO of Chevron Lubricants Lanka". ceylontoday.lk. Ceylon Today. Retrieved 16 May 2021.
  6. "Kishu quits Chevron after long stint". DailyFT. Wijeya Newspapers. 24 May 2018. Retrieved 16 May 2021.
  7. Gill, George (22 May 2020). "Profit Down for Chevron Lubricants Lanka". lubesngreases.com. LNG Publishing Company. Retrieved 16 May 2021.
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