Chevron Australia Downstream Pty Ltd agreed to acquire 25 Coles Express sites in Adelaide and Ceduna from Viva Energy Group Limited (ASX:VEA) on November 16, 2023. In exchange for the 25 divestiture sites, Viva Energy will receive 13 Chevron sites located in Queensland, New South Wales and Western Australia. The transaction is subject to approval from Australian Competition and Consumer Commission. As of December 14, 2023 Australian Competition and Consumer Commission approved the deal. The transaction is still subject to Foreign Investment Review Board (FIRB) approval. Viva Energy expects to complete the acquisition of OTR Group in the first half of 2024. Darren Murphy of Jones Day acted as legal advisor to Chevron.

Chevron Australia Downstream Pty Ltd completed the acquisition of 25 Coles Express sites in Adelaide and Ceduna from Viva Energy Group Limited (ASX:VEA) on April 17, 2024.