What Oy Teboil Ab does

Oy Teboil Ab is a Finnish private limited company founded in 1934, headquartered in Vantaa, that imports, markets, sells, and distributes oil and energy products exclusively within the Finnish market. The company operates a nationwide network of more than 300 service stations, including full-service dealer-operated stations (huoltoasema), Teboil Express automated unmanned stations, and D-automatic stations dedicated to professional road transport. Teboil is the third-largest fuel brand in Finland and, in 2024, celebrated its 90th anniversary. The company is owned by Lukoil but is managed independently, pays taxes in Finland, reinvests all profits domestically, and sources all fuels from a domestic Finnish producer.

The core product portfolio spans fossil and renewable fuels (gasoline grades 95 E10 and 98 E5, diesel, Green+ renewable diesel, motor fuel oil, heavy fuel oil, marine fuels, and heating oil for households and businesses), a lubricants range developed and manufactured at the Hamina factory (engine oils, industrial oils, greases, hydraulic oils, and specialty products including 2T Snow Racing and Super XLD XFE 5W-30), LPG, and automotive chemicals (AdBlue, screen wash, coolants, additive chemicals). The Max Drive fuel family uses a next-generation additive supplied by US-based Innospec, claimed to improve fuel economy by up to 2%. Digital infrastructure includes the Teboil mobile app (contactless pump payment, loyalty, station finder), the B2B webstore tilaus.teboil.fi, the KorttiExtranet fleet management portal, the Oma Teboil self-service portal, the Älytankkaus cardless smart-fueling system with in-tank sensors, and the Voiteluainesuositusohjelma lubricant advisor tool.

The business model combines a dealer-franchise channel (kauppias operators run individual stations as their own businesses while Teboil provides brand, supply chain, marketing, logistics, and concept support) with direct B2B sales (fleet and corporate accounts served via Yrityskortti and D-kortti programs, 24/7 phone ordering, and a dedicated webstore), consumer-direct sales (Asiakaskortti loyalty, Maksuaikakortti credit, contactless app payment), and ancillary station services (car wash, vehicle maintenance, EV charging at select stations, trailer rental, cafés, restaurants, and the kotiruokalounas home-cooked lunch concept). Revenue is generated predominantly through per-liter fuel margins, card-driven transaction volume, lubricant sales, and station service transactions; the company has no public pricing model and is not listed on any exchange.

Name

Oy Teboil Ab

Legal name

Oy Teboil Ab

Website

https://teboil.fi

Company type

Private

Founded year

1934

Operating status

Operating

Headcount range

101–250 employees

Short description

Oy Teboil Ab is a Finnish fuel and energy distributor founded in 1934, operating 300+ service stations across Finland as the country's third-largest fuel brand. It sells gasoline, diesel, renewable fuels, heating oil, lubricants (manufactured in Hamina), and AdBlue through dealer-operated stations, B2B card programs, and a digital sales platform.

Ownership category

akta.pro rank

Product category

Fuel Retail and Energy Distribution

NAICS

Gasoline Stations (4571), Gasoline Stations and Fuel Dealers (457), Fuel Dealers (45721)

SIC

Wholesale-Petroleum Bulk Stations & Terminals (5171), Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172)

akta.pro primary industry

Retail Service Station Operations (Company-Owned & Dealer-Operated) (EUALAIAA)

akta.pro secondary industries

Commercial & Fleet Fueling (Cardlock, On-Site Tanks, Bulk Delivery) (EUALAIAD), Fuel Pricing, Loyalty & Payments Platforms (POS, Mobile Pay, Fleet Cards, Loyalty Programs) (EUALAIAK), Convenience Retail & Foodservice at Forecourts (C-Store/QSR) (EUALAIAE), Branded Fuels Wholesaling & Jobber Distribution (EUALAIAB), Non-Fuel Retail & Ancillary Forecourt Services (Car Wash, Auto Care, ATM/Lottery, Parcel Lockers) (EUALAIAJ)

Keywords

• Retail fuel distribution
• Lubricant manufacturing
• Heating oil delivery
• Fleet card services
• Service station network

Headquarters

HQ city

Vantaa

HQ country

Finland

HQ region

Europe

Offices13 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Fuel Sales (Retail and B2B): Teboil sells gasoline (95 E10, 98 E5), diesel, renewable diesel (Green+), heavy fuel oil, marine fuels, motor fuel oil, and heating oil through a network of 300+ service stations, Express automated stations, and D-automatic stations for professional transport. B2B sales are conducted via the webstore, phone orders (24/7), and direct account management. This is the primary revenue stream.
2. Station Services (Car Wash, Maintenance, Rentals): Stations offer car wash, vehicle maintenance and repair, trailer rentals, EV charging, and other ancillary services. Revenue is generated per transaction at the point of service. Dealer-operated stations generate income for kauppias operators while Teboil earns through supply agreements and brand fees.
3. Food & Hospitality (Cafes, Restaurants, Fast Food): Most full-service Teboil stations include cafes, restaurants, and fast food outlets (Teboil Severi, Teboil Grilli, Aitopizza, Rolls, Kotiruokalounas). Menu items include burgers (touted as 'Finland's best'), kotiruokalounas (home-cooked lunch buffets), and street food. Revenue is generated per meal/item sold at the station.
4. Card and Payment Services: Teboil issues and manages multiple card programs — Asiakaskortti (loyalty), Maksuaikakortti (credit), Yrityskortti (corporate fuel), and D-kortti (professional transport). While the cards themselves are fee-free, they drive fuel and service purchase volume and lock in customer loyalty.
5. Lubricants and Specialty Products: Teboil develops, manufactures (at the Hamina plant), and sells a wide range of lubricants including engine oils (passenger car and heavy-duty diesel), industrial oils, greases, hydraulic oils, 2T and 4T specialty oils, and chemicals (AdBlue, windshield washer fluid, coolant). Sold through station shops, the webstore (tilaus.teboil.fi), and direct sales contacts.

Go-to-market motion4 records

Distribution channels6 records

Marketing channels6 records

Core offering

Oy Teboil Ab imports, markets, sells, and distributes oil and energy products through a nationwide network of 300+ service stations in Finland. The company sells gasoline, diesel, renewable diesel (Green+), heating oil, heavy fuel oil, marine fuels, motor fuel oil, and LPG to both consumers and businesses. It also develops and manufactures lubricants at its Hamina factory, and operates station-based services including car wash, vehicle maintenance, EV charging, food service, and rentals. B2B customers are served through dedicated fleet card programs (Yrityskortti, D-kortti), a B2B webstore, and direct account management.

Product overview

Oy Teboil Ab is a Finnish oil company founded in 1934, operating exclusively in the Finnish market with its headquarters in Vantaa and production facility in Hamina. The company offers an integrated portfolio of energy and mobility products and services centered around its nationwide Teboil-branded service station network. The core product range comprises fossil and renewable fuel products (gasoline, diesel, heating oils, marine fuels, heavy fuel oil) under the main Teboil brand and the Max Drive additive-enhanced sub-brand; a comprehensive lubricants line for vehicles and industrial applications; LPG; and automotive chemicals including AdBlue, screen wash, and coolants. Complementing the product portfolio, Teboil operates a multi-format station network (full-service, D-automaatti professional traffic, Express automatic) and provides card and digital services including the Teboil Asiakaskortti loyalty program, Maksuaikakortti credit card, Yrityskortti and D-kortti business fleet cards, the Teboil mobile app, KorttiExtranet portal, Oma Teboil self-service, and the Teboil Älytankkaus smart cardless fueling system. Most stations are independently operated by Teboil dealers who provide food service (café, restaurant, home-cooked lunch), car washes, maintenance, EV charging, and rentals.

Differentiator

Problem solved

Functional benefit

Brands

• Max Drive: Fuel product family including Diesel Max Drive, 95 E10 Max Drive, and 98 E5 Max Drive with next-generation additives for improved fuel economy.
• Green+
• Teboil 2T Snow Racing

Products and services

• Max Drive Fuel Product Family A fuel product line covering Diesel Max Drive, 95 E10 Max Drive, and 98 E5 Max Drive, enhanced with a new-generation additive package from Innospec that improves fuel economy by up to 2% and keeps fuel system injectors cleaner. Sold to consumers and fleets at Teboil stations and B2B via the webstore.
• Teboil Bensiini (Gasoline 95 E10 and 98 E5) Gasoline fuels sold at Teboil stations in 95 E10 and 98 E5 grades (the latter now branded as 98 E5 Max Drive with additive technology). For consumers and business fleet customers.
• Teboil Diesel Standard diesel and Diesel Max Drive with enhanced additive package for improved fuel economy and engine protection, sold at Teboil stations and D-automaatti for trucks.
• Teboil Green+ Renewable Diesel HVO-based renewable diesel sold under the Green+ brand at Teboil stations and D-automaatti as a lower-emission alternative to fossil diesel.
• Teboil Green+ Renewable Heating Oil Renewable heating oil under the Green+ brand, providing a sustainable alternative to traditional fossil heating oil for households and businesses.
• Heating Oil for Households (Lämmitysöljy) Heating oil delivered to households, orderable 24/7 via the Teboil online shop and by phone, with delivery to the customer's premises.
• Teboil Motor Fuel Oil (Moottoripolttoöljy) Heavy fuel oil for professional transport, machinery, and industrial users, available at Teboil D-automatic stations.
• Teboil Marine Fuels (Laivapolttoaineet) Fuel products designed for marine vessels and shipping, sold under the Teboil marine fuel brand.
• Teboil Heavy Fuel Oil (Raskaspolttoöljy) Heavy fuel oil for industrial and marine applications.
• Teboil Vehicle Lubricants (Ajoneuvoöljyt) Lubricants for vehicles including engine oils for passenger cars, heavy vehicles, motorcycles, and transmission oils, developed and manufactured at Teboil's Hamina factory.
• Teboil Industrial Lubricants (Teollisuusöljyt) Industrial lubricants including hydraulic oils, compressor oils, gear oils, turbine oils, and transformer oils, developed for Nordic operating conditions.
• Teboil Lubricating Greases (Voitelurasvat) Lubricating greases including universal greases, high-speed greases, high-temperature/heavy-duty greases, central lubricating greases, and chain lubricants.
• Teboil Super XLD XFE 5W-30 (Heavy-Duty Diesel Engine Oil) Full synthetic heavy-duty diesel engine oil meeting Volvo VDS-5, designed for Euro VI engines and offering up to 1.3% fuel economy improvement vs. conventional 15W-40 oils. For professional transport and fleet operators.
• Teboil 2T Snow Racing (Snowmobile 2-Stroke Oil) Full synthetic 2-stroke oil for modern snowmobiles with direct fuel injection, offering excellent cold-flow properties and protection for high-performance 2-stroke engines.
• Teboil 2T Power Mix (Semi-Synthetic 2-Stroke Oil) Semi-synthetic 2-stroke oil for air- and liquid-cooled 2-stroke engines, offering better protection, cleaner combustion, and suitability for catalytic converters.
• Teboil 2T Special Outboard (Outboard Motor Oil) 2-stroke outboard motor oil for water-cooled outboard engines, formulated to burn cleanly at low operating temperatures.
• Nestekaasu (LPG) Liquefied petroleum gas products sold to households and businesses, available for delivery and at Teboil stations.
• AdBlue Diesel Exhaust Fluid for SCR systems in modern diesel vehicles, sold at Teboil stations and D-automaatti to reduce NOx emissions.
• Teboil Screen Wash (Lasinpesuneste) Freeze-resistant screen wash fluid for vehicles, sold at Teboil stations.
• Teboil Coolants (Jäähdytinnesteet) Engine coolants for vehicles, protecting against freezing and corrosion.
• Teboil Additive Chemicals (Lisäainekemikaalit) Fuel and system additive chemical products for vehicles.
• Teboil Service Station Network Nationwide network of 300+ Teboil service stations across Finland, comprising full-service stations (mostly dealer-operated), D-automatic stations for professional traffic, and Express automated stations.
• Teboil Car Wash (Autopesu) Car wash services available at Teboil service stations, with multiple wash options.
• Teboil Vehicle Maintenance (Huolto) Vehicle maintenance and repair services offered at Teboil service stations.
• Electric Vehicle Charging (Sähköauton lataus) Electric vehicle charging services available at select Teboil service stations.
• Teboil Food Service (Ruokailu ja kahvio) Restaurant, café, and fast food services at Teboil stations, including the home-cooked lunch buffet (kotiruokalounas) and a street food-inspired menu (Teboil Severi, Teboil Grilli, Aitopizza, Rolls).
• Rental Services (Vuokrauspalvelut) Trailer rentals and other rental services available at select Teboil stations.
• Teboil Asiakaskortti (Loyalty Card) Loyalty card enabling individual customers to collect money-value points on fuels and in-store purchases at Teboil service and automatic stations. Points are redeemable as discounts at checkout.
• Teboil Maksuaikakortti (Deferred Payment Card) Consumer credit card offering interest-free payment terms on automotive purchases at Teboil stations, with monthly invoicing and 14 days of payment time.
• Teboil Yrityskortti (Business Card) Fuel card for businesses and entrepreneurs with passenger cars and vans, offering discounts on gasoline and diesel, 10% off auto chemicals and washes, accepted at 300 fuel locations.
• Teboil D-kortti (Professional Transport Card) Commission-free, interest-free payment card for professional transport and machine operators, accepted at Teboil D-automatic stations. Also accepted with a -10% restaurant discount at Drive-in stations.
• Teboil Älytankkaus (Smart Fueling) Cardless fuel payment solution for business fleets with company passenger and light commercial vehicles. A smart sensor in the fuel cap enables wireless payment recognition at Teboil smart pumps, with purchases charged to the company Yrityskortti. Real-time transaction data is visible in KorttiExtranet.
• Teboil Mobile App Mobile app for iOS and Android enabling contactless payment at all Teboil station pumps with bank/credit cards and linked Maksuaika, Yritys, and D cards. Includes station finder, real-time fuel quality info, loyalty program, and digital stamp cards.
• Teboil KorttiExtranet Free online portal for D-kortti, Yrityskortti, and Maksuaikakortti customers, providing real-time purchase tracking, invoice management, card ordering, and reporting.
• Oma Teboil (Self-Service Portal) Online self-service portal for Asiakaskortti (customer card) holders, allowing card ordering, closure, purchase history tracking, and profile management.
• Teboil Online Shop (Verkkokauppa) E-commerce platform for ordering heating oils, fuels, lubricants, LPG, and AdBlue with home delivery. Includes a price calculator for checking daily prices before ordering.

Quantifiable outcome

• Max Drive fuels improve fuel economy by up to 2% compared to non-additized fuels
• +1 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

Three partnerships are on record, tiered minor and core.

• Indorff Justitia OÜminorOthers · 1 June 2023Oy Teboil Ab transfers certain overdue, undisputed receivables to Indorff Justitia OÜ from 1 June 2023 onwards, after which Indorff Justitia operates as the creditor. Payments can still be made through Oy Teboil Ab until legal collection proceedings commence.
• InnospeccoreTechnology or IntegrationInnospec, a US-based fuel industry technology leader, supplies Teboil's proprietary next-generation fuel additive for the Max Drive fuel product family. The additive technology is patented and enables fuel system injector cleaning, reduced power loss, and improved fuel economy of up to 2%. This is a core product differentiation partnership for Teboil's fuel retail business.
• IJ Capital OyminorOthersIJ Capital Oy took over certain overdue and undisputed receivables from Oy Teboil Ab (from May 2024 onwards), acting as creditor after the transfer. IJ Capital handles debt collection, payment reminders, and legal recovery on behalf of Teboil for business customers with outstanding balances.

Scale indicators5 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• St1 Oy: Finnish fuel retailer and renewable fuel producer operating a comparable station network across Finland. Competes directly with Teboil in retail gasoline, diesel, and heating oil, and overlaps in renewable fuel offerings.
• Neste Oyj: Finland's largest fuel company and a global leader in renewable diesel (HVO/MY). Directly comparable to Teboil in the Finnish fuel retail market and the renewable diesel product category where Teboil's Green+ competes.
• ABC-asemat (S-Group): Major Finnish fuel station chain operated by S-Group cooperatives. Directly competes with Teboil in retail fuel and convenience/foodservice at forecourts, with a similarly broad domestic footprint.
• SEO (Suomen Euromarketti Oy): Finnish independent fuel retailer and heating oil supplier. Closely comparable to Teboil as a domestic-focused multi-format station network with both retail and energy product offerings.
• Gulf Finland: Finnish fuel retail brand operating stations across Finland. Direct competitor in retail gasoline, diesel, and fleet cards at a smaller scale than Teboil.

Broad incumbents

• Circle K Finland (Alimentation Couche-Tard): One of the largest fuel and convenience retailers globally with a major Finnish station network. Competes head-to-head with Teboil in retail fuel, loyalty programs, and forecourt foodservice.
• Shell Finland: Global energy major with Finnish retail operations. Overlaps with Teboil in retail fuels, lubricants, and B2B fleet cards in the same Finnish market.
• Esso Finland (ExxonMobil): International oil major operating service stations across Finland. Direct competitor in retail gasoline, diesel, and lubricants under a global brand.

Regional players

• North European Oil Trade Oy (NEOT): Finnish fuel wholesale and retail player. Comparable in B2B fuel distribution and station operations within the same Finnish market.

Others

• Lukoil Europe: Parent company of Teboil and operator of related European fuel retail assets. Relevant as the ultimate owner and strategic decision-maker for Oy Teboil Ab.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/user/iLoveTeboil
• Facebookfacebook.com/teboil.fi/?fref=nf
• LinkedInlinkedin.com/company/oy-teboil-ab
• Instagraminstagram.com/teboil

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oy Teboil Ab