The business was incorporated by the Companies and Registration Agency (PACRA) in 2014. In 2017 it was bought off from the initial owners and immediately engaged in the mid and downstream operation of refined petroleum products. It operates under Petrochemical Activities which involves the sale, distribution import and export of fuel, and is subdivided into three main business units namely: Commercial, Aviation and Retail business units. The company is fully registered under the laws of Zambia and is headquartered in Lusaka.
In 2018, a subsidiary of Devon Oil, Devon Transport was registered engaged in transportation of petroleum products whose market coverage is both local and international regions.