FACTOID # 89: In the 1990's, nearly half of all arms exported to developing countries came from the United States of America.
 
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Encyclopedia > Caltex

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. Image File history File links Logo_caltex_red_blue_star. ... Gasoline, as it is known in North America, or petrol, in many Commonwealth countries (sometimes also called motor spirit) is a petroleum-derived liquid mixture consisting primarily of hydrocarbons, used as fuel in internal combustion engines. ... Map of the Pacific Rim and List of the Pacific Rim Nations The Pacific Rim is a political and economic term used to designate the countries on the edges of the Pacific Ocean, as well as the various island nations within the region. ... A world map showing the continent of Africa. ... A map showing countries commonly considered to be part of the Middle East The Middle East is a region comprising the lands around the southern and eastern parts of the Mediterranean Sea, a territory that extends from the eastern Mediterranean Sea to the Persian Gulf. ... Texaco is the name of an American oil company that was merged into Chevron Corporation in 2001. ... Chevron Corporation (NYSE: CVX) is one of the worlds largest global energy companies. ... Chevron Corporation (NYSE: CVX) is one of the worlds largest global energy companies. ...


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 Standard Oil of California 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. 1942 (MCMXLII) was a common year starting on Thursday (the link is to a full 1942 calendar). ... Mobil is a major oil company which merged with the Exxon Corporation in 1999 to form ExxonMobil. ... It has been suggested that this article or section be merged with Oceania. ... The United States Department of Defense, abbreviated DoD or DOD and sometimes called the Defense Department, is a civilian Cabinet organization of the United States government. ... Chevron was founded after an 1879 oil discovery in Pico Canyon, near the Santa Susana Mountains north of Los Angeles, California as the Pacific Coast Oil Co. ... Ampol, the Australian Motorists Petrol Company, was incorporated in 1936 and the name was changed to Ampol Petroleum Ltd in 1949. ...

A Caltex Petrol Station in Singapore
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A Caltex Petrol Station in Singapore

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, Malaysia and Thailand. Image File history File linksMetadata Download high resolution version (2048x1536, 537 KB) Summary Caltex Petrol Station Ang Mo Kio, Singapore Img by Calvin Teo, May 2006 Licensing File links The following pages on the English Wikipedia link to this file (pages on other projects are not listed): Caltex User:Advanced... Image File history File linksMetadata Download high resolution version (2048x1536, 537 KB) Summary Caltex Petrol Station Ang Mo Kio, Singapore Img by Calvin Teo, May 2006 Licensing File links The following pages on the English Wikipedia link to this file (pages on other projects are not listed): Caltex User:Advanced... Woolworths Logo. ...


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

  • Caltex official website
  • Caltex Australia
  • Caltex historical milestones timeline
  • Caltex worldwide operations

  Results from FactBites:
 
Caltex has the best of both worlds - News - www.smh.com.au (729 words)
Caltex reported a net profit of $340.6 million for the six months to June 30, up from $76.2 million in the previous corresponding period and in line with market forecasts.
Caltex also credited the 800 million litre surge in refining sales volumes, to 6.2 billion litres over first half, to the 80 per cent surge in average petrol sales at each of its co-branded Woolworths sites.
Caltex boosted imports by 180 per cent to 1.3 billion litres in the period to meet increased sales, but Mr Reeves ruled out building new refineries to meet local demand.
Caltex and Boral reversals for Fels set course for change - theage.com.au (1328 words)
The quiet burial of the investigation is, however, an embarrassment for the ACCC and a vindication of Caltex and its peers, who have loudly, aggressively and persistently proclaimed not just their innocence but their status as victims of an ACCC agenda.
The raids on Caltex last April, amid a blaze of damaging publicity for the company, and subsequently Shell and Mobil, represents one of the more controversial episodes in the routinely controversial tenure of Allan Fels as ACCC chairman.
The Caltex raids were, for the commission, a no-risk chance to confirm its reputation as a champion of the consumer prepared to tackle the sinister forces of Big Oil, to buttress its position with the politicians and undermine the credibility of the big end of town on competition policy issues.
  More results at FactBites »


 

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