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Caltex is a petroleum brand name of Chevron Corporation used in the Asia-Pacific region, the Middle East, and Southern Africa. [1] Headquartered in Singapore, it is also the brand name of non-Chevron petroleum companies in some countries (such as New Zealand, and previously Australia and South Africa) under a trademark licensing agreement with Chevron.
GS Caltex Corporation (Korean: 지에스칼텍스 주식회사) is a South Korean Energy and Chemical company jointly owned by Chevron and GS Group. The company was founded in May 1967 as the first private oil company in Korea.
Chevron Corporation is an American multinational energy corporation predominantly specializing in oil and gas.The second-largest direct descendant of Standard Oil, and originally known as the Standard Oil Company of California (shortened to Socal or CalSo), it is active in more than 180 countries.
Caltex Australia proposed to rebrand itself back as Ampol, which was approved by more than 99% of shareholders during the annual general meeting on 14 May 2020. [67] [68] Caltex Australia cited continued high recognition and regard for the Ampol brand, and the move was expected to save the company $20 million per year in licensing fees to ...
The acquisition was completed on 1 April 2019. [2] In May 2020, Caltex was rebranded as Ampol. In late 2020, EG sued Ampol regarding the latter's rebranding, accusing them of "misleading or deceptive conduct". When EG acquired the stores from Woolworths, it also inherited the fuel supply agreement which allowed the use of the Caltex brand.
In December 2016, Woolworths announced it would sell its Caltex Woolworths branded petrol stations to British multinational oil and gas company BP for AU$1.75 billion. [59] BP pulled out of the deal in July 2018, saying that sale conditions imposed by the Australian Competition & Consumer Commission would make the acquisition commercially ...
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As part of the partnership, Caltex Australia would supply oil to SEAOIL via its fuel trading and shipping business, Ampol Singapore, while Caltex Australia would take up a 20% equity interest in SEAOIL. [2] Caltex Australia's acquisition of the 20% equity interest was completed in March 2018. [3]