Chevron Strengthens North American Base Oils Distribution Network

PRESS RELEASE
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Summary

HOUSTON – August 3, 2026 – Chevron Products Company, a division of Chevron U.S.A. Inc., will expand its North American base oils distribution network, strengthening customer access to premium base oils and process oils through complementary distribution agreements with HF Sinclair Lubricants & Specialties and Renkert Oil

Effective May 1, 2027, HF Sinclair Lubricants & Specialties will become Chevron's exclusive distributor of Group II base oils in Canada, and its existing customer territories in the U.S. HF Sinclair Lubricants & Specialties will also have non-exclusive distribution rights for Group II base oils in select additional regions of the U.S.

Renkert Oil will continue as Chevron's distributor for Paralux® and Paramount™ process oils throughout the United States, Canada and Europe; NEXBASE® Group III base oils in the United States and Canada; and Chevron Group II base oils throughout the United States outside HF Sinclair Lubricants & Specialties’ exclusive territory.

Together, the two distributors expand Chevron's customer reach through a complementary set of regional and product-focused channels. Customers will benefit from dependable supply, local inventory, responsive technical support and access to one of the industry's premium base oil portfolios.

"Customers need more than high-quality products – they need confidence in their supply partner," said Alicia Logan, general manager, Chevron Base Oils. "By working with both HF Sinclair Lubricants & Specialties and Renkert Oil, we're building on each partner's unique strengths to deliver reliable supply, local expertise and the flexibility our customers need as markets continue to evolve."

HF Sinclair Lubricants & Specialties segment, which announced on July 28 the decision to retire its base oil refining assets in Mississauga, Ontario, brings an established logistics network, regional infrastructure and strong customer relationships that enhance Chevron's ability to serve customers across Canada and throughout its expanded U.S. distribution footprint.

Renkert Oil has decades of experience serving process oil customers and lubricant manufacturers and will continue to deliver the technical expertise, reliable logistics and responsive support customers expect.

"Together, HF Sinclair Lubricants & Specialties and Renkert Oil provide complementary capabilities that strengthen our distribution network while ensuring customers continue to receive the products, service and technical expertise they expect from Chevron," Logan said.

Chevron is one of the world's leading suppliers of premium Group II, Group II+, and Group III base oils. With the introduction of Group III+ in early 2027, Chevron will offer one of the industry's most comprehensive premium base oil portfolios, supported by extensive OEM and additive qualifications, world-class technical expertise and a resilient global manufacturing network.

By leveraging the strengths of HF Sinclair Lubricants & Specialties and Renkert Oil, Chevron is reinforcing its long-term commitment to customer success through expanded market coverage, resilient supply and specialized distribution channels designed to meet the evolving needs of lubricant manufacturers and process oil customers.

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