Chevron Lubricants Lanka

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Chevron Lubricants Lanka
TypePublic
CSE: LLUB.N0000
ISINLK0290N00003
Industry
Founded1992; 30 years ago (1992)
Headquarters
Colombo
,
Sri Lanka
Key people
  • N. M. Shamsuddin (CEO)
  • R. Kaul (Chairperson)
RevenueDecrease LKR 11,637,381,476 (2020)
Increase LKR 3,035,780,209 (2020)
Increase 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]

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]

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. ^ a b "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.

External links[]

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