Caltex

Caltex is a petroleum brand name of Chevron Corporation used in more than 60 countries in the Asia-Pacific region, the Middle East, and Southern Africa. 30 November 2001

Caltex began in 1936 as the California Texas Oil Company, a joint venture between the Texas Company (later named Texaco) and Standard Oil of California (later named Chevron Corp.) to market oil from newly gained concessions in Saudi Arabia. It was renamed Caltex Petroleum Corp. in 1968. The two parent companies merged in 2001 to form ChevronTexaco (renamed Chevron in 2005) and Caltex remains one of its major international brand names.

Caltex Petroleum Australia Pty. Ltd. (ASX: CTX) until March 2015, Caltex was owned 50 percent by Chevron, and 50 percent by Australian shareholders. In March 2015, Chevron sold down its 50% holding to Australian shareholders.

Julian Segal has been the CEO of Caltex Australia since July 2009.

Caltex took over the Australian companies Golden Fleece in 1981 and Ampol in 1995.

On 27 May 2009 Caltex announced a proposal to acquire 302 Mobil and Mobil Quix service stations in Sydney, Melbourne, Brisbane and Adelaide, subject to approval of the Australian Competition and Consumer Commission. The ACCC subsequently opposed the takeover on the grounds that the acquisition could result in diminished competition. Caltex subsequently abandoned the acquisition, with Mobil entering into an agreement to sell the same sites to 7-Eleven Australia.

Caltex operates the largest oil company retail network in Australia, however the supermarkets Woolworths and Coles have a larger market share than any of the oil companies operating in Australia.

As of August 2012, Caltex operates two petroleum refineries in Australia: one at Kurnell in Sydney, New South Wales, and one at Lytton in Brisbane, Queensland. The Kurnell Refinery ceased operations in 2014, and part of the existing infrastructure such as wharfs and tanks will be converted to a fuel importation terminal.

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