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    Another C-store Retailer Eyes Hawaii Exit

    Chevron is exploring its options after 125 years in the state.

    HONOLULU — Chevron Corp. is considering selling its Hawaii assets after doing business in the state for more than a century, according to a KHON2 report.

    A company spokesman confirmed that Chevron is working with an investment business to determine whether there is a potential buyer. No decision has been made, according to the spokesman, but the company is examining its options.

    Chevron's Hawaii assets include its refinery at Campbell Industrial Park, a storage terminal, 61 service stations and pipelines. It has operated within the state for 125 years.

    This potential exit comes just weeks after Aloha Petroleum Ltd. selected New York-based Macquarie Capital to help it review strategic alternatives, including selling the company, as CSNews Online previously reported. Aloha's other options include strategic joint ventures or partnerships, the sale of a portion or all of the company's stock, and continuing to operate the company as it currently exists.

    Although Honolulu-based Aloha is the largest independent gasoline marketer and one of the largest c-store operators in Hawaii, it is reportedly finding limited growth opportunities for its core business in the state.

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