Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv Our Standards: The Thomson Reuters Trust Principles., opens new tab Australian fuel retailer Ampol's full-year profit jumps 83% Purchase Licensing Rights February 22, 20269:45 PM UTCUpdated ago By Reuters Ampol Ltd logo is seen in this illustration taken, August 22, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab Sign up here. That compares with a Visi ...

Core Insights - JET is expanding its UK dealer network through 2025 and into early 2026, focusing on building long-term relationships with independent retailers in a changing market [1][2] Dealer Network Expansion - In 2025, JET added 19 new sites to its network and saw 30 dealers re-tie, indicating strong confidence from both new and existing dealers [2][4] - Established dealer groups like JP&S, Borough Park Retail, and Ascona Group have added new and rebranded sites, while new partners such as JC Morrison and Tankerford have joined [4] - The network now totals 335 sites across the UK, including 324 dealer-owned, dealer-operated (DODO) and 11 company-owned, dealer-operated (CODO) locations [7] Customer Satisfaction and Support - JET received an 'excellent' Customer Satisfaction Score (CSAT) of 86% from independent dealers, along with a 5/5 rating for Retail Account Managers, highlighting strong working relationships [6] - The company emphasizes a flexible, people-first approach, tailoring support to the specific needs of independent dealers [6][7] Future Growth Plans - Growth has continued into early 2026, with new sites transitioning to JET, including the Ambassador Service Station, which is set to be rebranded in February [5] - JET aims to maintain high standards of dealer support while focusing on long-term network development [7]

Core Insights - Mercuria Energy Group is in advanced negotiations to acquire a refinery and hundreds of fuel retail stations in Argentina from Raízen, a Brazilian biofuels producer facing financial difficulties [1][2][3] Group 1: Acquisition Details - The deal value is expected to exceed $1 billion, although no binding agreement has been signed yet [2] - Negotiations have progressed significantly, with a potential finalization of the transaction soon, but risks remain that it could still fall through [2][3] Group 2: Raízen's Financial Situation - Raízen has been under financial pressure, posting heavy quarterly losses and accumulating high debt levels, leading to a selloff in its bonds and multiple credit downgrades [4][5] - Fitch Ratings downgraded Raízen's rating to "B" and then to "CCC," while S&P Global Ratings rated it "CCC+" due to concerns over liquidity and refinancing risks [5] Group 3: Industry Context - The acquisition would enhance Mercuria's downstream presence in South America, as trading houses are increasingly seeking control over refining and retail assets to secure margins amid volatile energy markets [6]

Core Viewpoint - The Australian fuel retail market is under increased regulatory scrutiny due to the ACCC's referral of Ampol Limited's acquisition of EG Australia for a Phase 2 merger review, raising concerns about potential competition reduction in petrol and diesel supply [1][2][3] Group 1: Regulatory Actions - The ACCC's Phase 2 review indicates a more detailed examination of the proposed merger under Australia's new mandatory merger control framework, which requires regulatory clearance for transactions that may pose competition risks [2][6] - The ACCC has identified significant overlap between Ampol and EG Australia in multiple local markets, particularly in major urban centers [3][4] Group 2: Competition Concerns - The regulator flagged over 100 locations where the merger could diminish competitive pressure, potentially impacting fuel prices and consumer choice in cities like Sydney, Melbourne, Brisbane, and Canberra [4][5] - Ampol's proposed divestment of a limited number of retail fuel sites was deemed insufficient to address the identified competition concerns, leading to the escalation to Phase 2 [5] Group 3: Review Process - The Phase 2 review allows the ACCC to gather additional information from various market participants and involves a comprehensive analysis of market structure, pricing behavior, and barriers to entry, which may take several months [7] - Stakeholders have been invited to provide submissions as the ACCC investigates the potential impact of the Ampol and EG Australia merger [7] Group 4: Industry Implications - The outcome of the ACCC review could have broader implications for consolidation trends in the Australian fuel retail market, which has experienced increasing concentration over the past decade [8]

Group 1 - A local resident from Cumbria won a Toyota Yaris Cross Icon Hybrid valued at £26,495 in JET's nationwide promotion called the JET Journey Jackpot [1] - The promotion aimed to enhance customer engagement, increase foot traffic at forecourts, and strengthen JET's brand positioning across over 320 participating sites in the UK [3] - The winner, Kris, received the car at a celebratory event at JET Jubilee Garage, which has been family-run since 1935 and transitioned to JET in 2017 [4] Group 2 - The promotion generated nationwide excitement, with various in-store activities, including Halloween-themed promotions at JET Tickhill in Doncaster [5] - Customers entered the promotion by spending £10 or more on fuel and uploading their receipts online, running from October 20 to November 9, 2025 [6] - The campaign was supported by a multi-channel marketing strategy, including Video on Demand advertising, radio ads, social media, and on-site promotional materials [6] Group 3 - JET's brand manager highlighted the promotion's success in creating excitement and driving customer loyalty, emphasizing the positive impact on retailers [7] - The team at JET Jubilee Garage expressed satisfaction with the giveaway, noting the buzz it created and the value it brought to customers [7]

🇦🇪NEW: The UAE’s largest fuel retailer will begin accepting stablecoin payments across 980 stations across three countries. ...

Core Insights - Stonepeak and Energy Equation Partners have completed the acquisition of a 65% interest in JET Tankstellen Deutschland GmbH, a leading fuel retailer in Germany and Austria, from Phillips 66, valuing the business at approximately €2.5 billion [1][2]. Company Overview - Stonepeak is a prominent alternative investment firm with approximately $80 billion in assets under management, focusing on infrastructure and real assets [3]. - Energy Equation Partners specializes in investing in established companies within the energy sector, having deployed over $10 billion in equity capital across the energy value chain globally [4]. Strategic Implications - The acquisition is expected to enhance JET's position in the market, leveraging its extensive network of service stations and trusted brand to provide reliable service in Germany and Austria [2]. - The partnership aims to contribute to the energy transition by investing in established players in the energy sector [2].

A fuel retailer in Finland filed for corporate restructuring because US sanctions on Russia’s Lukoil left it unable to conduct business https://t.co/JcFmIIMKaL ...

Core Insights - JET is launching its 2025 advertising campaign titled 'JET Carousel' as part of its ongoing 'Keep on Moving' series, emphasizing community and human connection [1][4] - The campaign features a theatre-inspired rotating set designed by real set designers, highlighting JET's commitment to people and services [2] - The film showcases relatable human moments at JET forecourts, concluding with the tagline 'For every journey, there's a JET' [3] Campaign Details - The campaign will run for four weeks across various platforms, including Video on Demand (VOD) and social media channels such as Instagram, TikTok, Facebook, LinkedIn, and YouTube [4] - Additional elements, including UK-wide radio ads with English and Scottish voice-overs, are planned for later in the year [4] - The campaign aims to celebrate the local communities and the everyday customers who frequent JET locations [4]

Core Points - North Atlantic France SAS has signed a share purchase agreement to acquire a majority stake in Esso Société Anonyme Française SA and 100% of ExxonMobil Chemical France SAS, marking a significant milestone in its expansion strategy in France [1][2] - The acquisition aims to enhance European energy security and support the energy transition, with a commitment to maintaining employment and existing benefits [2][7] - The final acquisition price will be determined before the transaction's completion, which is expected in Q4 2025 [7] Company Strategy - North Atlantic aims to establish a long-term presence in France, focusing on strengthening energy security and resilience while promoting lower-carbon solutions [2][3] - The company plans to consolidate the Gravenchon site and implement an ambitious development plan to serve the French energy and industrial sectors [3] - Following the acquisition, North Atlantic will file a mandatory tender offer for the remaining shares of Esso S.A.F. on the same financial terms as the controlling block acquisition [3] Financial Adjustments - The purchase price for the controlling block has been adjusted downward to account for certain social liabilities, but this will not affect the price offered to minority shareholders [5] - Adjustments to the acquisition price include cash distributions prior to completion, a ticking fee mechanism based on accrued interest, and changes in the euro value of Esso S.A.F.'s inventory [5][6] Shareholder Information - A Shareholders Meeting for Esso S.A.F. is scheduled for November 4, 2025, to discuss a proposed distribution of reserves amounting to €60.21 per share, with payment set for November 14, 2025 [4]