Viva Energy

Overview

Viva Energy

type	Public
traded as	asx: VEA
industry	Oil refining, importing and sales
founded	August 13, 2014, ASX public listing: July 2018
founder	Vitol(as purchaser of the preceding Shell Australia downstream fuel distribution network)
hq location	Melbourne, Victoria, Australia
area served	Australia
key people	Scott Wyatt (CEO) Carolyn Pedic (CFO) Jevan Bouzo(CEO, Convenience and Mobility)
revenue	A$26.7 billion‡R1R‡
revenue year	2023
net income	A$713 million‡R1R‡
net income year	2023
num locations	1,522 stores‡R2R‡
num locations year	2025
num employees	>8,000‡R3R‡
num employees year	2023
website	https://www.vivaenergy.com.au/

Viva Energy Australia is a listed Australian company that owns the Geelong Oil Refinery and is licensed to retail Shell-branded fuels across Australia under a licence agreement. It also owns and retails fuel through Coles Express, OTR, Reddy Express, Liberty Oil and Westside Petroleum-branded service stations.[4]

Viva Energy supplies a network of over 1,330 retail fuel outlets across Australia, supported by an extensive import, storage and distribution infrastructure network, including a presence at over 70 airports and airfields.[5] In addition to manufacturing a range of fuel and other products at the Geelong Refinery, Viva Energy imports fuel supplied by Vitol through 24 fuel import terminals across Australia.[6]

History

Operations

Convenience and Mobility

Viva Energy primarily sells Shell-branded fuel at Shell-branded sites, under a license agreement with Shell plc that expires on 31 December 2029.[23]

In May 2023, Viva Energy completed its acquisition of the Coles Express Convenience Retailing business. The acquisition created Australia’s largest fuel and convenience network under a single operator, with more than 700 stores.[24]

In March 2024, Viva Energy completed its acquisition of OTR Group, which supports Viva Energy’s vision to be Australia’s leading convenience retailer, now owning and operating more than 1,000 stores.

The Shell Card fleet card can be used by fleet customers at Shell branded services stations across Australia.

Commercial and Industrial

Viva Energy is a supplier of fuel, lubricants and specialty hydrocarbon products to commercial customers in the aviation, marine, transport, resources, defence, construction, agriculture and manufacturing industries. Viva Energy’s position across many segments is underpinned by a national network of fuel supply infrastructure and long-standing customer relationships.[25]

Energy and Infrastructure

Viva Energy has a network of 24 fuel import terminals and a presence at over 70 airports and airfields across the country. Viva Energy supplies around a quarter of Australia’s required petroleum products through its national networks.

The Viva Energy owned Geelong Refinery has been in operation since 1954. The refinery supplies around 50% of Victoria’s fuel and 10% of Australia’s fuel requirements. The Geelong Refinery is one of two refineries remaining in Australia, employing around 700 people.[26]

Viva Energy has a broader vision to transform the refinery site to become the Viva Energy Hub, which includes a proposed gas terminal and potentially a solar energy farm, projects to support alternative energies such as renewables and hydrogen, and the development of strategic storage to improve fuel supply security. In March 2022, Viva Energy announced a project to construct a site in Geelong, which will include hydrogen refuelling, EV charging and diesel[27][28]

History

Operations

Convenience and Mobility

Commercial and Industrial

Energy and Infrastructure

References