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Caltex is a petrol company. It operates in the Asia-Pacific, Africa and Middle East regions including Pakistan. It was formerly a joint venture between Texaco and Chevron, but since their merger is now a brand of Chevron.
Brief History
When the American military provisioning organisation moved into Australia in 1942, during the second World War, they had prohibitions against contracting for petroleum, and other, services from foreign companies but had to have at least two tenders for any contract. Because Mobil was the only American petroleum company operating in Australasia at that time there was a dilemma that was only resolved when the predecessor of the USDOD convinced the Californian Oil Company and Texaco to set up a joint venture in Australia and New Zealand. In 1995 it merged with Ampol with most Ampol stores being rebranded as Caltex.
Caltex trades in much of Southeast Asia as well as the South Pacific Ocean. In Australia it operates in conjunction with a large supermarket chain, Woolworths. Caltex is a major brand in Singapore, Philippines, Thailand.
In the Australian state of Victoria, Caltex trades as both Caltex and Caltex Safeway.
Controversy
According to 7News, during the financial year 2005-06, Caltex recorded a 50% rise in profit per barrel of oil. The news comes as petrol prices in Australia assume a financial strangle hold on most families in the country. It is believed many other oil companies in Australia have recorded similar profit increases. Many independent private investigations continue.
External links
Oil companies | Oil companies of the United States | Chemical companies | Chemical companies of the United States | Automotive companies | Automotive companies of the United States | Automotive fuel brands | 1942 establishments
"Caltex"