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Logo Grupo Quiñenco S.A.

ENEX

Relevant Information

  • As of December 31, 2023

  • Quiñenco's interest: 100%
  • Book value of investment: Ch$863,357 million
  • Investment since: 2011
  • Employees: 4,546
  • Address

  • Av. Del Cóndor Sur 520 Ciudad Empresarial, Huechuraba, Santiago - Chile
  • Telephone (56) 22444 4000
  • www.enex.cl
Empresa Nacional de Energía Enex S.A. (Enex) is a fuel distributor and operator of convenience stores, with its parent company based in London, and operations in Chile, where it has the Shell license, in the United States and Paraguay.

In Chile, it is one of the main distributors of fuel and lubricants, through a nationwide network of 449 service stations operating under the Shell license, and 212 upa!, up¡ta and upa! market convenience stores. Enex also serves industrial clients, mainly of the transport, mining and power generation sectors, and is a relevant player in the lubricants market, as Shell's exclusive distributor in Chile for this line of products.

In the United States, Enex owns and operates Road Ranger, the fourth largest network of travel centers. The company is present along the main interstate routes between Texas and the Midwest, with 49 travel centers. At the beginning of 2024, the 50th travel center was opened in Texas.

In Paraguay, the company supplies a network of 77 service stations and 23 convenience stores, under the Enex and upa! brands, respectively.

Quiñenco first invested in Enex in 2011, when it acquired Shell’s assets in Chile.

Highlights

in millions of Ch$ as of December 31 of each year
2022 2023
Sales 4,486,363 4,803,813
Operating income 128,192 71,562
Net income attributable to owners of the controller 80,120 34,393
Total assets 1,789,629 2,004,453
Total liabilities 1,052,131 1,141,097

Distribution of Revenues by Business Area

US$5,727 million as of December 31, 2023