Seaoil Philippines, Inc. is a dual Filipino-Australian[1] fuel company founded in 1978. The company offers a variety of petroleum products ranging from automobile gasoline to industry-specific lubricants and services such as storage and shipping.
History
Seaoil Philippines was founded in 1978 by Francis Yu, operating storage facilities for petroleum and petrochemical based products. A few years later, it expanded its operations in the petroleum market. In 1988, the company partnered with Paramins to develop lubricants. In anticipation of the oil market deregulation in 1996, Seaoil Philippines established a retail station in 1997, and as of December 2022, now has 700 stations.[2]
In December 2017, SEAOIL entered a strategic partnership with Caltex Australia (now Ampol). As part of the partnership, Caltex Australia would supply oil to SEAOIL via its fuel trading and shipping business, Ampol Singapore, while Caltex Australia would take up a 20% equity interest in SEAOIL.[3]