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.
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What happened to Caltex in Australia?
Chevron sold its stake in Caltex Australia in a $4.6 billion deal but allowed the company to continue to use the Caltex brand. That was until the end of 2019, when it decided otherwise and Caltex Australia was renamed Ampol Limited during the company’s May 2020 annual meeting.
Are all Caltex changing to Ampol?
As part of that withdrawal, Ampol has promised Chevron that it will cease using the Caltex branding by 31 December 2022 and is reinvigorating the historic Ampol brand (last seen in Australia in 1995) to take the place of the Caltex brand on service stations across the county.
What is Caltex now called?
Merger between Caltex and Ampol
In May 1995, the two companies merged to form Australian Petroleum Pty Ltd, owned equally by Pioneer International and Caltex. At the time, the merged company held a 28% market share in the petroleum industry.
Is Puma changing to Caltex?
From this year, the Caltex brand is no longer exclusive and in 2023 will be solely used by Chevron. As part of this transition, you might notice some changes as we commence rebranding selected Puma sites to Caltex and opening new Caltex service stations. The national rebranding program will continue through 2023.
Is Ampol the same as Caltex?
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 fuel brand is best in Australia?
Here are the best petrol and service stations in Australia, as rated by consumers by order of overall satisfaction:
- Shell.
- Woolworths Caltex.
- United Petroleum.
- Puma Energy.
- BP.
- 7-Eleven (Mobil)
- Ampol.
- Metro Petroleum.
Is Ampol Russian?
Australian refiners Ampol and Viva Energy say they will stop using Russian crude oil in their plants at Geelong (Viva) and Brisbane (Ampol) once four cargoes of Russian oil arrive. The companies are the country’s two last refiners and revealed their plans in separate statements on Tuesday.
Is Ampol owned by Woolworths?
Ampol Woolworths Metro is owned and operated by Ampol and brings together Woolworths’ range of fresh food and Ampol’s fuel offer. Michelle White, Woolworths Metro Partnerships General Manager, said Woolworths is always looking to make it easier for customers to shop for fresh food and everyday needs.
Who owns Caltex in Australia?
Caltex
| Founded | 1936 |
|---|---|
| Products | Oil, Fuel |
| Parent | Chevron Corporation |
| Website | caltex.com |
Why is Caltex closing?
By Nick Toscano. Fuel giant Caltex will temporarily shut one of Australia’s last remaining oil refineries for extended maintenance work as the coronavirus crisis wipes out global fuel demand and pressures the plant’s already-battered profit margins.
Does Woolworths own Caltex?
In April 2019, Woolworths sold its 540 service stations to the British company EG Group for $1.72 billion.
EG Australia.
| EG/Caltex service station in Marayong, New South Wales | |
|---|---|
| Headquarters | North Sydney , Australia |
| Key people | Mike McMenamin – CEO |
| Products | Petrol, convenience and grocery |
| Parent | EG Group |
How many oil refineries are left in Australia?
Australia currently has eight main refineries owned by the four majors (Caltex, BP, Mobil and Shell) located in the capital cities-Sydney, Melbourne, Adelaide, Perth and Brisbane. These companies also have either crude oil or refined product terminals at most Australian ports (see Figure 1).
Is Chevron coming to Australia?
In 2020, Chevron re-entered the Downstream market in Australia through the acquisition of Puma Energy (Australia) Holdings.
Who did Chevron sell Caltex to?
Chevron has confirmed it intends to use the Caltex name at the Puma Energy network of petrol stations it acquired in Australia in a surprise $425 million deal struck in December.
Who bought out Puma fuel?
Chevron Australia Downstream
PERTH, Western Australia, 1 July 2020 – Chevron Australia Downstream Pty Ltd., a wholly-owned subsidiary of Chevron Corporation, today announced that it has completed the acquisition from Puma Energy Asia Pacific B.V. of all shares and equity interests of Puma Energy (Australia) Holdings Pty Ltd for the amount of AU
What is the biggest oil company in Australia?
Woodside Energy
What is the biggest oil and gas company in Australia? Woodside Energy, a petroleum exploration and production company, is Australia’s largest oil company. Woodside Energy has become the country’s largest operator of oil and gas production and is also Australia’s biggest independent dedicated oil and gas company.
Can I use Ampol card at Caltex?
You can use your AmpolCard across our network of approximately 1,900 locations, including both Ampol locations and our Caltex locations that are yet to be transitioned to our Ampol brand.
Does Australia have any oil fields?
Over half of Australia’s remaining identified crude oil resources are located in the Northern Carnarvon and Roebuck basins. About one quarter of Australia’s crude oil reserves are located in the Cooper Basin, while approximately one quarter of remaining contingent resources are located in the Gippsland Basin.
Is Australian petrol poor quality?
While Australia remains one of the cheapest OECD nations for regular unleaded petrol, the quality (or sulphur content) of the fuel is ranked 85th when compared to all nations.
Why is Australian petrol poor quality?
High service intervals combined with modern engine oil specifications yield problems when they encounter excessive sulphur-containing fuel. Even the latest highest-performing engine oil specifications on the market are susceptible to premature breakdown (oil sludge) from poor quality Australian fuel.