Chevron makes progress on the Business Today Top 30 business entities List

Chevron Lubricants Lanka was recognised at Business Today Top 30 business entities award for the year 2015/2016. The company, ranked at number 19 during the year 2014/2015, has progressed to number 18 in the year 2015/2016. 

The award ceremony was held on 18 November at the Hilton Colombo under the patronage of Prime Minister Ranil Wickremesinghe and many ministers including Minister of Finance Ravi Karunanayake, Minister of Transport and Civil Aviation Nimal Siripala de Silva, Minister of Law and Order and Southern Development Sagala Rathnayake and top corporate leaders.

Business Today Top 30 Awards are presented in recognition of the top corporate performers in Sri Lanka at an annual ceremony. This is an encouraging achievement for Chevron as the company fall among the few if not the only business entity on the list, operating in a ‘single line of business’; apart from the banks. Despite the market for lubricants becoming more challenging and the recent market liberalisation further intensify the competition, the company is performing exceeding the expectation of the investors and the stakeholders.

Chevron Lubricants PLC is the leading supplier of world-class lubricant brands Caltex, Havoline and Delo. 51% of Chevron Lubricants Lanka PLC is owned by Chevron, which is a top fortune 500 company in the world for many consecutive years.

The company is strengthened by the network of lubrication specialists equipped to deliver leading-edge products and customised services. The company’s knowledge of local business environments and its broad experience of operating in a wide array of countries provide local know-how on a global scale.

Being the country’s market leader for lubricants, with the highest outlet penetration in the industry, Chevron Lanka delivers its portfolio of world-class products and services to thousands of Sri Lankans even in the remotest regions of the island, and continues to originate industry benchmarks of excellence and value and has established a strong consumer franchise both locally and globally.

The company’s winning formula has always been to concentrate on the business rather than focusing on the competition. Chevron Lanka has strengthened its value proposition in Sri Lanka and its export markets through a fervent focus on the consumer and offering the right value.