Chevron Lanka exceeds Rs. 4 b in earnings for the first time in its 32-year history, reflecting robust growth and strong market performance across Sri Lanka and regional export markets.
Chevron Lanka exceeds Rs. 4 b milestone, sets record in 32-year history
Chevron Lubricants Lanka PLC reported record earnings for 2025, surpassing the Rs. 4 billion milestone on a topline of Rs. 24.39 billion, according to its fourth quarter interim financial statements released to the Colombo Stock Exchange (CSE). The achievement marks a historic high for the company since its establishment in 1992 and underscores its continued dominance in Sri Lanka’s lubricants sector.
The record earnings were driven by strong double-digit year-on-year volume growth, underpinned by sustained demand for lubricants across automotive, industrial, and marine segments. The company’s performance also enabled a nine-year high dividend per share of Rs. 16 and a five-year high in dividend payout percentage, reaching 95% of full-year earnings, demonstrating Chevron Lanka’s commitment to delivering shareholder value alongside operational excellence.
Chevron Lanka has consistently maintained its position among the top 40 listed entities in Sri Lanka, as recognised by Business Today, and ranks within the top 10 in LMD rankings on key performance indicators such as Return on Assets, Return on Equity, and Asset Utilisation. Its flagship brand, Caltex, continues to be recognised as the most loved brand in Sri Lanka’s oil and gas category, reflecting strong customer loyalty and brand equity.
A recent accolade saw Chevron Lanka ranked among the top 15 companies in the Employers Federation of Ceylon Best Employer Awards for 2025, further highlighting its reputation as a leading employer in Sri Lanka. This recognition reinforces the company’s focus on corporate governance, employee engagement, and operational excellence.
Chevron Lanka operates a comprehensive distribution network across Sri Lanka, offering lubricants and greases under its Caltex, Havoline, and Delo brands. The company’s market leadership has been maintained over three decades despite an increasingly competitive landscape with 35 active players. Its extensive distribution network, combined with robust marketing and brand recognition, has enabled Chevron Lanka to retain its dominant market position while expanding its reach to industrial and retail customers alike.
The company also operates a lubricant blending plant in Sri Lanka, serving both local requirements and export markets including Bangladesh and the Maldives. This operational capacity ensures a consistent supply of high-quality products, while also positioning Chevron Lanka as a key regional supplier of lubricants. The plant’s efficiency and scale have contributed directly to the strong financial results for 2025.
Chevron Lanka’s milestone achievement reflects not only strong business fundamentals but also strategic focus on market leadership, brand development, and operational excellence. By consistently innovating, investing in distribution networks, and maintaining high standards of service, the company continues to set benchmarks in Sri Lanka’s oil and gas sector.
Looking ahead, Chevron Lanka aims to consolidate its market leadership, strengthen regional distribution, and leverage brand equity to further enhance shareholder value. The company’s ability to sustain growth in a competitive market environment positions it for continued success in the coming years, reinforcing its reputation as a cornerstone of Sri Lanka’s lubricants industry.
With Rs. 4 billion in earnings, record dividends, and a strong export footprint, Chevron Lanka has demonstrated resilience, operational strength, and market leadership, setting a new standard in Sri Lanka’s oil and gas sector for both performance and corporate governance.