Hydro Texaco

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Hydro Texaco

Type	Subsidiary
Founded	1995
Headquarters	Oslo, Norway
Area served	Norway and Denmark
Industry	Petroleum
Products	Gas stations
Employees	(2006)
Parent	Reitangruppen
Website	www.hydrotexaco.no www.hydrotexaco.dk

A HydroTexaco fuel station at Lade in Trondheim, Norway

Hydro Texaco is a Norwegian and Danish gas station chain formed after the merge of the Hydro and Texaco gas station chaines merged in 1995. In 2006 the company was bought by Reitangruppen and in the course of 2006 will be incorporated into their chain including the use of 7-Eleven brand on the service stations. Uno-X and Rema Bensin are low-cost brand name of Hydro Texaco.

1 Operations
2 History
3 Future plans
4 External links
5 References

[edit] Operations

Hydro Texaco operates 750 gas stations in Norway and Denmark, including the low price brands Uno-X and Rema Bensin. In addition the chain has DieselService stations for truck diesel. Hydro Texaco operates in addition a service for household parafin distribution. Hydro Texaco has about a 20% marked share in automotive fuels in Norway.

	Norway	Denmark
Hydro Texaco	300	350
Uno-X	110	200
DieselService	47

[edit] History

Hydro Texaco was a result of a merger between the Hydro and Texaco gas station chains in Norway and Denmark on January 1, 1995, with Norsk Hydro and Texaco each owning 50%. The Hydro chain had been created in the early 1990s when Norsk Hydro acquired the Mobil gas stations in Norway and Denmark. In the mid of 1990s Hydro Texaco started business in the Baltic countries under brands of Hydro Texaco and later Uno-X. Texaco's ownership in Hydro Texaco was transferred to Chevron as a result of the two companies merger in 2001. In 2003 Hydro Texaco took over the operations of 35 Rema Bensin in Norway from Reitangruppen and changed them to the brand Uno YX. The chain was acquired by the Norwegian Reitangruppen in 2006. The gas stations chain in the Baltic countries was bought by Estonian company Alexela Oil.

[edit] Future plans

Reitangruppen has announced that the purchase of Hydro Texaco will result in the service stations being transformed to 7-Elevens while the gas bit will be renamed to YX. ^[1]

Coop NKL has announced that it is considering stopping their members bonuses at Hydro Texaco stationes because of the purchase, due to REMA 1000, also owned by Reitangruppen, being a major competitor to Coop's stores.