Is Caltex owned by Chevron?

Is Caltex owned by Chevron?

Respected Global Reach. Originating in 1879, Chevron — Caltex’s parent company, is presently one of the world’s largest energy companies.

Who did Chevron sell Caltex to?

Chevron has confirmed it will return the Caltex name to Australia, following its $425 million acquisition of Puma Energy Australia. Chevron finalised the deal last month and will operate under the Puma branding in the near term, until it satisfies current licensing commitments in Australia.

What company owns Chevron?

Chevron’s three premium brands – Chevron®, Texaco® and Caltex®.

When did Chevron buy Caltex?

March 2015
Chevron sale In March 2015, Chevron sold its 50% stake in Caltex Australia (the deal valuing the company at $9.24 billion). However, Caltex Australia was allowed to continue to use the Caltex brand under a trademark licence.

Is Caltex owned by Ampol?

Ampol Is Back In 2020 Ampol has also been part of the ethos of Caltex Australia since the two companies merged in 1995. Revitalising this iconic and strong Australian brand is an exciting move that reflects the company’s deep local heritage and experience in this market.

Which country owns Ampol?

The Australian Motorists Petrol Company, which later became Ampol, was founded in 1936 and has been part of Australia’s DNA since then. Ampol has also been part of the ethos of Caltex Australia since the two companies merged in 1995.

Are Texaco and Chevron the same?

After the franchisee left Hawai’i in the 1990s, Chevron USA bought Texaco nationally. Today, Texaco is a valued Chevron brand offering the same high-quality Techron gasoline.

Does Venezuela own Chevron?

Chevron owns an estimated 25% to 39% stake in the four JVs and is being operated under a treasury license to produce the minimum required to protect employees and preserve assets. As per the current Venezuelan law, overseas firms cannot own more than 49.9% of assets.

Is Caltex becoming Ampol?

Ampol Is Back In 2020 Caltex Australia (ASX:CTX) has today announced it will be bringing Ampol, the much-loved and iconic Australian fuel brand, back to forecourts across the country after it was retired almost 25 years ago in the merger with Caltex.

Who owns Ampol in Australia?

US oil company Chevron, which owns the brand, sold its 50% stake in the Australia operation in 2015. Caltex reportedly spent 18 months negotiating with Chevron, before finally deciding to go back to the Ampol brand. Ampol, formerly known as The Australian Motorists Petrol Company was founded in 1936.

Is Engen refinery closing down?

“The Engen refinery cannot move forward in its current structure. We must safeguard the long-term sustainability of the Engen business; therefore, we are proceeding with the conversion to a terminal,” says Hassan. “It is our firm intention to preserve as many [jobs] as possible.