Delek Group
An Israeli holding conglomerate centered on petroleum, natural-gas exploration and production, fuel retailing, and related energy investments.
Last updated October 10, 2026
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Overview
Delek Group is an Israeli holding conglomerate whose roots lie in the country's petroleum and fuel-distribution industry. Established in 1951 as Delek – The Israel Fuel Corporation, it developed from a domestic fuel company into a diversified investment group with interests spanning upstream oil and gas, downstream fuel marketing, infrastructure, financial services, automotive distribution, food and hospitality, and other sectors. Its historical portfolio has included both operating subsidiaries and significant minority investments, reflecting a holding-company model rather than a single consumer-facing product brand. Energy has been the group's defining area. Through subsidiaries and affiliated partnerships, Delek has participated in exploration and production projects in the Eastern Mediterranean, the North Sea, and the Gulf of Mexico. Israeli gas assets associated with its portfolio have included the Tamar, Leviathan, and Tanin fields, while international interests have included Ithaca Energy and North Sea oil and gas properties. Delek has also maintained downstream activities through Delek Petroleum, Delek Israel Fuel Corporation, and European fuel-marketing operations. These businesses have connected the group to service stations, lubricants, convenience retail, fuel storage, and distribution. The group has historically pursued diversification beyond petroleum. Its former or associated holdings included Phoenix Holdings and Excellence Investments in insurance and financial services; Delek Automotive Systems, known as Delek Motors, which imported Mazda and Ford vehicles into Israel; IDE Technologies, a desalination and water-infrastructure company; Gadot Biochemical; Delek Real Estate; and other communications, restaurant, and consumer businesses. Café Joe and the Israeli Burger King franchise have represented consumer and food-service interests. Several of these investments were subsequently sold, so the composition of the portfolio has changed materially over time. Delek expanded internationally during the 2000s. In 2006, its United States subsidiary Delek US was listed on the New York Stock Exchange and owned a refinery in Tyler, Texas together with a network of retail stores. In 2007, Delek Benelux assumed fuel-marketing activities for Chevron Global Energy in the Benelux region, including a large network of stations operating primarily under the Texaco name. The group also expanded its involvement in fuel storage and distribution in Israel, including operations connected with the Pi-Glilot facilities. Delek Group is listed on the Tel Aviv Stock Exchange under the symbol DLEKG and has been included in the TA-35 index of leading Israeli companies. Its identity has therefore combined strategic ownership, capital-market activity, and management of energy assets rather than reliance on one standardized product range. Because the group has repeatedly acquired, reorganized, and divested businesses, historical descriptions of its holdings should not automatically be treated as a current organizational chart. The available reference material confirms an active Israeli public company, but does not provide a sufficiently current, complete list of all present subsidiaries or ownership percentages.
History
Delek Group began in 1951 as Delek – The Israel Fuel Corporation, a company established to participate in Israel's developing petroleum distribution system. Its original identity was closely tied to fuel marketing and service stations. Over time, the business became a holding group and expanded both vertically within energy and horizontally into unrelated sectors. The group's energy development moved beyond retail distribution into exploration and production. Through partnerships and subsidiaries, Delek became associated with oil and gas projects in the Eastern Mediterranean, including the Tamar, Leviathan, and Tanin gas fields. It also developed international exposure through interests in the North Sea and the Gulf of Mexico. These upstream activities gave the group a significant role in the regional natural-gas economy, while also exposing it to commodity prices, exploration risk, regulation, and large capital requirements. Delek retained substantial downstream activities. Delek Petroleum and Delek Israel Fuel Corporation connected the group to fuel stations, lubricants, wholesale supply, and related retail operations in Israel. The group also operated or held European fuel-marketing activities. In 2007, Delek Benelux took over Chevron Global Energy's marketing operations in the Benelux, a transaction that included a substantial station network, predominantly using the Texaco brand. In Israel, Delek Pi-Glilot was involved in fuel storage and distribution facilities in Ashdod, Jerusalem, and Beersheba. Former police commissioner Moshe Karadi was announced as its manager in 2007. Internationalization was also visible in the United States. In 2006, Delek US was introduced to the New York Stock Exchange. Its assets included the Tyler, Texas refinery and hundreds of retail stores. A later combination with the United States subsidiary of Alon Israel Oil Co. changed the structure of that American business, illustrating the group's use of mergers and portfolio restructuring to pursue scale. Delek's diversification reached insurance, finance, automotive, water infrastructure, real estate, communications, nutrition, and consumer services. Historical holdings included Phoenix Holdings, Excellence Investments, Delek Automotive Systems, IDE Technologies, Gadot Biochemistry, Delek Real Estate, HOT Cable Communications Systems, Starbucks Israel, Café Joe, and the Israeli Burger King franchisee. The Republic Group, an insurer, was sold to AmTrust Financial Services in 2016 for a reported $140 million. Delek also disposed of other major investments, including its interests in Phoenix, IDE Technologies, Gadot Biochemistry, and Delek Motors, according to the cited historical account. The group has consequently experienced repeated portfolio changes. Rather than operating as a stable collection of consumer brands, it has functioned as a listed investment and operating group whose business mix reflects acquisitions, divestments, financing needs, and strategic concentration on energy. Delek Group has been traded on the Tel Aviv Stock Exchange under DLEKG and has been included in the TA-35 index. Idan Wallace became chief executive officer on 1 January 2020. The available material establishes the group's historical development and several major transactions, but does not provide a complete current ownership chart.
- 2021
KLP announced divestment
[1]Norwegian pension fund KLP announced that it would divest from Delek over settlement-related concerns.
- 2020
Idan Wallace became chief executive
[1]Idan Wallace assumed the position of Delek Group chief executive officer on 1 January.
- 2020
United Nations settlement-related database published
[1]The United Nations included Delek in a database concerning companies associated with activities in Israeli settlements.
- 2016
Republic Group sold to AmTrust
[1]Delek's insurance holding Republic Group was sold to AmTrust Financial Services.
- 2007
Benelux fuel-marketing expansion
[1]Delek Benelux assumed Chevron Global Energy marketing activities in the Benelux, including stations largely operating under Texaco.
- 2007
Delek Pi-Glilot won an Ashdod fuel-storage tender
[1]The company won a Government Companies Authority tender to operate fuel-storage facilities in Ashdod.
- 2006
Delek US entered the New York Stock Exchange
[1]The United States subsidiary became publicly traded and operated a Texas refinery and a large retail network.
- 1951
Delek founded as Israel Fuel Corporation
[1]The company was established as Delek – The Israel Fuel Corporation, forming the foundation of the later holding group.
Products and positioning
A publicly listed Israeli holding group focused primarily on energy and petroleum, with historical diversification into infrastructure, finance, automotive distribution, and consumer services.
Fuel retail and petroleum distribution
Delek Israel Fuel Corporation
Delek Israel Fuel Corporation is the group's core Israeli downstream business in the historical account. It operates a branded network of filling stations and supplies petroleum products and lubricants. The business links retail forecourts with fuel marketing and distribution activities, making it one of the most visible parts of the Delek name in Israel. The cited material describes it as one of Israel's largest fuel-station chains and as a major retail fuel and lubricants supplier.
Oil and natural-gas exploration and production
Delek Energy and upstream partnerships
Delek's upstream portfolio has included exploration and production interests in the Levant, the North Sea, and the Gulf of Mexico. Associated assets and partnerships named in the historical account include Tamar, Leviathan, Tanin, Yam Tethys, Aphrodite, Montrose, and other North Sea fields. These investments are not consumer products; they are long-term energy assets whose value depends on reserves, development schedules, infrastructure, commodity prices, and government regulation.
European fuel retail
Delek Europe
Delek Europe has historically represented the group's European downstream activities. The cited account describes a network of service stations and convenience stores and links its development to Delek Benelux's assumption of Chevron Global Energy marketing activities in the Benelux. Many of the acquired stations operated under the Texaco brand, making the business an important example of Delek's international fuel-retailing expansion.
Coffeehouse chain
Café Joe
Café Joe is a coffeehouse chain identified in the reference material as a Delek Group food and restaurant holding. It extends the group's activities into consumer hospitality and retail food service, distinct from its traditional petroleum and infrastructure operations. The supplied material does not provide a detailed account of the chain's format, geographic footprint, or current ownership beyond the historical statement that Delek held it.
Restaurant franchising
Burger King Israel franchise
Delek Group historically owned 70% of the Israeli Burger King franchisee. This holding represented a branded quick-service restaurant operation rather than a petroleum product, and illustrated the group's earlier diversification into consumer-facing businesses. The supplied sources do not establish whether the interest remains part of the current portfolio.
Controversies
2026
Campaigners warn UK PM that approving Rosebank oil field could breach West Bank sanctions over Delek Group links
Environmental campaigners from Stop Rosebank and Greenpeace, assisted by Uplift, and Green Party leader Zack Polanski separately wrote to UK Prime Minister Andy Burnham and Foreign Secretary Ed Miliband warning that approving Rosebank, Britain's largest untapped oil field off Shetland, risks contravening the UK's new sanctions on illegal Israeli West Bank settlements because of the field's links to Delek Group. Delek Group was included last year in a UN database of firms which allegedly provide services or utilities to support settlements in occupied Palestinian territories, and Delek controls Ithaca Energy, which holds a 20% stake in Rosebank. The campaigners asked the government to confirm whether Delek will be caught by the new measures. Delek said it no longer has any involvement in settlements, was wrongly included in the database, and intends with its legal advisers to formally challenge the listing and request its immediate removal; Ithaca Energy issued a statement defending its corporate governance.
2021
KLP divestment over settlement concerns
Norwegian pension fund KLP said it would divest from Delek and other entities included in the United Nations database because of their reported links to Israeli settlement activity in the West Bank.
2020
United Nations database on settlement-linked business activity
The United Nations published a database naming Delek among companies it associated with the provision of services or utilities supporting Israeli settlements and with commercial use of natural resources in occupied territories. The listing generated criticism and later investment-screening consequences.
Brand decisions
2020
Change in group leadershipStrategyBackground
The group changed its chief executive leadership at the beginning of 2020.
Action taken
Idan Wallace became chief executive officer on 1 January 2020.
Aftermath
The supplied reference material does not provide further detail on the subsequent strategic effects of the appointment.
2016
Sale of Republic GroupM&ABackground
Delek was reshaping its portfolio of non-core and financial-services investments.
Action taken
The Republic Group insurer was sold to AmTrust Financial Services.
Aftermath
The transaction removed Republic Group from Delek's portfolio and continued the group's pattern of divesting selected holdings.
Reported sale consideration. $140 million (19 April 2016)
2007
Acquisition of Chevron marketing activities in the BeneluxM&ABackground
Delek pursued scale in European fuel marketing and retail distribution.
Action taken
Delek Benelux took over Chevron Global Energy marketing activities in the Benelux, including a large station network primarily using the Texaco brand.
Aftermath
The transaction expanded Delek's international downstream footprint, although the supplied material does not describe the later disposition or performance of the assets.
2006
Public-market expansion through Delek USStrategyBackground
Delek sought to extend its energy operations into the United States through a subsidiary with refining and retail assets.
Action taken
Delek US was introduced on the New York Stock Exchange with the Tyler, Texas refinery and a large store network.
Aftermath
The United States platform later combined with the American subsidiary of Alon Israel Oil Co., changing its corporate structure.
Recent events
- Unconfirmed
Campaigners warn UK PM that approving Rosebank oil field could breach West Bank sanctions over Delek Group links[3]
Reported:
Environmental campaigners from Stop Rosebank and Greenpeace, assisted by Uplift, and Green Party leader Zack Polanski separately wrote to UK Prime Minister Andy Burnham and Foreign Secretary Ed Miliband warning that approving Rosebank, Britain's largest untapped oil field off Shetland, risks contravening the UK's new sanctions on illegal Israeli West Bank settlements because of the field's links to Delek Group. Delek Group was included last year in a UN database of firms which allegedly provide services or utilities to support settlements in occupied Palestinian territories, and Delek controls Ithaca Energy, which holds a 20% stake in Rosebank. The campaigners asked the government to confirm whether Delek will be caught by the new measures. Delek said it no longer has any involvement in settlements, was wrongly included in the database, and intends with its legal advisers to formally challenge the listing and request its immediate removal; Ithaca Energy issued a statement defending its corporate governance.
Delek Group announces new CEO appointment[4]
Reported:
Delek Group announced that Idan Wallace would become its chief executive officer effective January 1, 2020.
Sources4 sources
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