Chevron Lubricants Lanka
A Sri Lankan manufacturer, distributor, and marketer of petroleum-based lubricants controlled by Chevron Corporation.
Last updated August 25, 2026
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Overview
Chevron Lubricants Lanka PLC is a Sri Lankan lubricants company engaged in manufacturing, distributing, and marketing petroleum-based lubricant products. The company operates in the automotive and industrial lubricant markets and is associated with Chevron's global lubricant portfolio, including the Havoline and Delo brands. Havoline is used for products such as engine oils, gear oils, and transmission oils, while Delo covers diesel-engine lubricants and related products including industrial lubricants, coolants, and brake fluids. The business was established as Lanka Lubricants on 1 December 1992 as a subsidiary of Ceylon Petroleum Corporation. Its ownership structure changed during the 1990s after Ceylon Petroleum Corporation, the Government of Sri Lanka, and Caltex Petroleum Corporation signed a memorandum of understanding in July 1994 concerning the transfer of a controlling interest to Caltex. The company subsequently became a listed entity on the Colombo Stock Exchange in 1996. The business was renamed Caltex Lubricants Lanka and later adopted the name Chevron Lubricants Lanka Ltd in 2007. The change reflected Chevron's global branding and was intended to make the company's corporate identity more consistent with the wider Chevron organization. Chevron Corporation remains the controlling shareholder, with a 51.00% stake reported in the reference material. Chevron Lubricants Lanka operates a lubricant blending plant at Sapugaskanda. Its activities combine local product blending and distribution with the marketing of internationally recognized lubricant brands. The company serves vehicle owners, commercial and diesel fleets, industrial users, and channel partners in Sri Lanka. Its product portfolio includes automotive engine oils, drivetrain and transmission fluids, gear oils, diesel-engine lubricants, industrial lubricants, coolants, and brake fluids. The company is a constituent of the S&P Sri Lanka 20 Index and is traded on the Colombo Stock Exchange. For the 2019/20 financial year, it was ranked 67th in LMD 100, a Sri Lankan ranking of listed companies by revenue; this ranking does not by itself provide a revenue figure. Brand Finance also placed the Caltex brand at number 72 in its ranking of Sri Lanka's 100 most valuable brands, according to the cited reference material. Chevron Lubricants Lanka has maintained a leading position in Sri Lanka's lubricant market. Its operations have nevertheless been affected by wider economic and market conditions. During the COVID-19 period, the company reported stronger sales in the third quarter of 2020 than in the second quarter and the corresponding quarter of 2019, according to the reference material. In 2023, Sri Lanka's lubricant market contracted sharply amid the country's economic crisis, but Chevron Lubricants Lanka reportedly retained its market-leader position.
History
Chevron Lubricants Lanka traces its origins to Lanka Lubricants, which was incorporated on 1 December 1992 as a subsidiary of Ceylon Petroleum Corporation. The company was formed to participate in Sri Lanka's petroleum-lubricants business, a market serving automotive, commercial, and industrial users. A major ownership transition began in July 1994, when Ceylon Petroleum Corporation, the Government of Sri Lanka, and Caltex Petroleum Corporation signed a memorandum of understanding concerning the transfer of a controlling interest to Caltex. This arrangement connected the Sri Lankan lubricant operation with the Caltex brand and with the international lubricant activities associated with Chevron's corporate predecessor and broader organization. The company reached another important institutional milestone in 1996, when it was listed on the Colombo Stock Exchange. Its public listing made it part of Sri Lanka's listed corporate sector while its controlling ownership remained connected to the Caltex and, subsequently, Chevron group. The business operated under the Caltex Lubricants Lanka name for much of this period. In 2007, the company was renamed Chevron Lubricants Lanka Ltd. The rebranding was undertaken in the context of Chevron's global brand architecture and was intended to clarify the company's identity and relationship with Chevron. The company continued to market lubricant products under established product brands, notably Havoline and Delo, rather than replacing those product identities with the corporate name. Chevron Lubricants Lanka's operating model includes a blending plant in Sapugaskanda. The plant supports the local production or blending of lubricant products, while the company also undertakes distribution and marketing throughout Sri Lanka. Its portfolio spans passenger-vehicle and commercial-vehicle lubricants as well as industrial products. Havoline products include engine oils, gear oils, and transmission oils. Delo products are positioned for diesel vehicles and also include industrial lubricants, coolants, and brake fluids. The company has remained one of Sri Lanka's prominent lubricant businesses and is reported to have held the leading market position even during periods of severe economic pressure. It became a constituent of the S&P Sri Lanka 20 Index, reflecting its place among leading companies in the country's listed-equity market. For the 2019/20 financial year, it was ranked 67th in LMD 100, a revenue-based ranking of Sri Lankan listed companies. The Caltex brand was also ranked 72nd in Brand Finance's list of Sri Lanka's 100 most valuable brands, according to the cited material. Leadership changed in 2018 when Kishu Gomes left the managing director and chief executive role after 22 years of service. Patrick McCloud subsequently held the position before resigning in 2020. Muhammad Najam Shamsuddin was appointed managing director and chief executive officer in September 2020. The COVID-19 pandemic created difficult operating conditions, but the company reportedly achieved stronger sales in the third quarter of 2020 than in the preceding quarter and the corresponding quarter of the previous year. A later and more severe challenge came from Sri Lanka's economic crisis. The national lubricant market was reported to have shrunk by 47% year on year in 2023. Despite that contraction, Chevron Lubricants Lanka was reported to have retained its market-leader position. The available reference material does not establish the company's current chief executive, detailed financial results, or a current standalone corporate website.
- 2023
Retained market leadership during market contraction
[1]Chevron Lubricants Lanka reportedly retained its market-leader position while Sri Lanka's lubricant market contracted sharply during the economic crisis.
- 2020
New managing director and CEO appointed
[1]Muhammad Najam Shamsuddin was appointed managing director and chief executive officer in September 2020.
- 2018
Kishu Gomes left the chief executive role
[1]Kishu Gomes left the managing director and chief executive position after 22 years of service.
- 2007
Renamed Chevron Lubricants Lanka
[1]The company changed its name from Caltex Lubricants Lanka to Chevron Lubricants Lanka Ltd as part of Chevron's global branding alignment.
- 1996
Listed on the Colombo Stock Exchange
[1]The company became a listed company on the Colombo Stock Exchange.
- 1994
Caltex ownership transition initiated
[1]Ceylon Petroleum Corporation, the Government of Sri Lanka, and Caltex Petroleum Corporation signed a memorandum of understanding concerning the transfer of a controlling interest to Caltex.
- 1992
Lanka Lubricants incorporated
[1]Lanka Lubricants was incorporated on 1 December 1992 as a subsidiary of Ceylon Petroleum Corporation.
Products and positioning
A leading Sri Lankan supplier of automotive, commercial-vehicle, and industrial lubricants, combining local blending and distribution with Chevron's Havoline and Delo brands.
Automotive lubricants
Havoline
Havoline is Chevron Lubricants Lanka's passenger-vehicle and general automotive lubricant line. The range includes engine oils as well as gear oils and transmission oils. It is positioned for vehicle maintenance applications in the Sri Lankan automotive market, serving consumers and service channels that require fluids for engines and drivetrains.
Diesel and commercial-vehicle lubricants
Delo
Delo is the company's diesel-oriented lubricant brand. Its portfolio includes oils for diesel vehicle engines together with industrial lubricants and associated maintenance fluids such as coolants and brake fluids. The brand is relevant to commercial vehicles, fleet operators, industrial users, and other applications requiring heavy-duty or diesel-focused lubrication products.
Brand decisions
2007
Corporate rebranding from Caltex to ChevronStrategyBackground
Chevron aligned its Sri Lankan lubricant business with its global corporate branding.
Action taken
Caltex Lubricants Lanka was renamed Chevron Lubricants Lanka Ltd.
Aftermath
The new name clarified the company's identity within the Chevron organization while the Havoline and Delo product brands continued to represent key lubricant offerings.
1994
Transfer of controlling interest to CaltexM&ABackground
Lanka Lubricants was originally a subsidiary of Ceylon Petroleum Corporation. In July 1994, Ceylon Petroleum Corporation, the Government of Sri Lanka, and Caltex Petroleum Corporation agreed through a memorandum of understanding to transfer a controlling stake to Caltex.
Action taken
The parties initiated the transfer of a controlling interest, linking the Sri Lankan lubricant business with Caltex.
Aftermath
The company later operated under the Caltex Lubricants Lanka name and was subsequently rebranded as Chevron Lubricants Lanka.
Recent events
Chevron Lubricants Lanka announces managing director and CEO succession[2]
Reported:
Chevron Lubricants Lanka announced that Muhammad Najam Shamsuddin would become its managing director and chief executive officer effective 1 October, following Pat McCloud’s resignation from the roles as he moved to another role within Chevron.
Chevron Lubricants Lanka announces new managing director and CEO[3]
Reported:
Chevron Lubricants Lanka announced that Muhammad Najam Shamsuddin would become the company's managing director and chief executive officer effective October 1, 2020.
Sources3 sources
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