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.
Contents |
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) to market oil from newly gained concessions in Saudi Arabia. It was renamed Caltex Petroleum Corporation 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 Australia (ASX: CTX) is 50% owned by Chevron, and 50% by Australian shareholders.
Julian Segal has been the Chief Executive Officer CEO of Caltex Australia since July 2009.[1]
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.[2] 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.[3]
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.
Petrol
Most sites stock all of these products, however Bio E10 Unleaded is the least common and Regular Unleaded the most common. Bio E-Flex is stocked in approximately 30 sites on the eastern seaboard.
Diesel
Each site only sells one of these 3 products.
Autogas
Autogas is available at selected sites.
Caltex sells Delo, Havoline, and Revtex brands of motor oil.
Caltex branded sites can have any of the following types of convenience stores.
Star Mart: A large store containing a bakery, coffee and hot food as well as convenience items and an ATM. Toilets are usually located inside. Usually open 24 hours.
Star Shop: A smaller store with just convenience items and packaged foods and limited operating hours.
Woolworths: Sites that accept the 4 cpl discount offer from Woolworths. Shops are branded as Woolworths. Most are the same as a Star Mart, but some are the size of a Star Shop.
In 2003 Caltex Australia entered into a joint venture agreement with large supermarket retailer Woolworths Limited,[4] to counter the launch of a similar fuel discount offer launched by rival Coles Group. Woolworths' existing "Plus Petrol" service stations received Caltex branding and, similarly, Caltex service stations received Woolworths branding—the joint venture outlets became Caltex Woolworths. However this was the case only with certain Caltex service stations close to Woolworths supermarkets and many remain unassociated with the fuel discount offer. In Victoria, Woolworths Supermarkets are known as Safeway and Caltex Woolworths trades under the Caltex Safeway brand.
In Korea, Chevron has operated under the brand name GS Caltex since 1967.
Caltex has received frequent criticism[5] for its operations in South Africa during the Apartheid era.
Some Asian operations are run by Caltex (Asia) Limited, based in Taipei.[6]