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Logo Grupo Quiñenco S.A.


Relevant Information

  • As at December 31, 2017

  • Quiñenco's interest: 100%
  • Book value of investment: Ch$567,737 million
  • Investment since: 2011
  • Employees: 3,190
  • Address

  • Av. Del Cóndor Sur 520 Ciudad Empresarial, Huechuraba, Santiago - Chile
  • Telephone (56) 22444 4000

Empresa Nacional de Energía Enex S.A. (Enex) participates in the Chilean oil industry through the sale of fuels, lubricants, asphalts and chemical products. Licensee of Shell in Chile, in 2013 Enex acquired Terpel’s assets in the country, strengthening its competitive position, Currently Enex has a nationwide network of 461 service stations and 148 convenience stores. Enex also serves industrial clients, mainly of the transport, mining and power generation sectors.

Enex is the second largest fuel distributor in Chile, with a market share of 21.5% of total volumes, and a 24.5% share in the service station segment, as of December 2017. Its service stations have convenience stores under the brand upa!, and commercialize all of Shell’s product lines. Enex also is the Macro Distributor of Shell Lubricants in Chile, commercializing products such as Shell Helix, Shell Tellus, Shell Rimula, Shell Spirax and Pennzoil®.

In addition, Enex holds a 50% share in Asfaltos Conosur, 14.9% in Sociedad Nacional de Oleoductos (Sonacol), 33.3% in Sociedad de Inversiones de Aviación (SIAV), 19.3% in Sociedad Nacional Marítima S.A. (Sonamar) and 20% of DASA.

Quiñenco controls 100% of Enex since 2011, when it acquired Shell’s assets in Chile. The transaction was materialized on May 31, 2011, for the amount of US$633 million. On June 27, 2013, Enex acquired Terpel’s assets in Chile for US$240 million.


in millions of Ch$ as at December 31 of each year
2016 2017
Sales 1,691,434 1,888,725
Operating income 27,110 11,296
Net income attributable to owners of the controller 20,277 8,774
Total assets 777,630 855,670
Total liabilities 217,129 287,934
Shareholders' equity attributable to owners of the controller 560,501 567,737

Distribution of Income by Business Area

Ch$ 1,888,725 million as at December 31, 2017