JXTG NIPPON OIL & ENERGY CORPORATION

JXTG NIPPON OIL & ENERGY CORPORATION Overview

Company Headquarters: Tokyo, Japan

Founded: 1888

Workforce: 9,030

Company Working: JXTG Nippon Oil & Energy Corporation (JXTG Nippon) is a fully integrated company offering petroleum products. The products offered by the company include lubricating oils, engine oils, gasoline, kerosene, as well as fuel cells, storage batteries, and others. It offers refrigeration oil under its lubricant’s product portfolio. It is engaged in business activities such as refining, manufacturing, marketing, and sale of petrochemical products along with import and sale of gas and coal as well as the supply of electricity and hydrogen. It has a refining capacity of 1.93 million barrels per day. It operates 16 manufacturing bases in Japan and is a subsidiary of JXTG Holdings, Inc.

Strategy

JXTG Nippon, in April 2016, concluded a strategic cooperation agreement with the Vietnam National Petroleum Group (Petrolimex), which has the largest share of sales in the petroleum products market of Vietnam, wherein JXTG Nippon is leveraging its expertise to increase the competitiveness of Petrolimex. It is also considering a joint operational structure for its Marifu Renery involving Petrolimex. Additionally, it is considering adopting a range of potential initiatives to expand the business of petroleum products and increase the distribution in Australia to meet the growing demand in South-East Asia.

Company Snapshot

$90.4M

Revenue

9,030

Employees

1888

Founded

Tokyo, Japan

Headquarters

SWOT Analysis

Strengths

16 manufacturing bases
Large refining capacity
Broad product portfolio

Weaknesses

No recent developments related to the market

Opportunities

Establishing the business in the overseas and international markets

Threats

Fluctuating price of crude oil

Product Offering

JXTG NIPPON OIL & ENERGY CORPORATION
- ATMOS 22(N)
- ATMOS 32(N)
- ATMOS 46(N)
- ATMOS 68(N)
- REF OIL NS 3GS
- REF OIL NS 4GS
- ZE-GLES RB 32
- ZE-GLES RB 68

Financial Performance

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