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2026 Who Brands. All information is provided for educational purposes. Brand names and logos are trademarks of their respective owners.

  1. Home
  2. Brands
  3. Energy & Utilities
  4. Caltex
Caltex logo
Energy & Utilities

Who Owns Caltex?

Caltex is owned by Chevron Corporation (NYSE: CVX), a publicly traded American multinational energy company headquartered in Houston, Texas. Caltex was founded in 1936 as a joint venture between Standard Oil of California (later Chevron) and The Texas Company (Texaco). Chevron gained full ownership of Caltex through its 2001 merger with Texaco. Caltex operates as Chevron's primary international fuel brand across Asia-Pacific, Africa, and the Middle East, with approximately 8,000 retail stations.

Parent Company

Chevron Corporation

Founded

1936

Status

Publicly Traded

Headquarters

Houston, Texas, USA

Caltex Timeline

1879
Chevron Corporation

Parent company established in Houston, Texas, USA

Company Founded
1936

Caltex

Founded by Standard Oil of California (Socal), The Texas Company (Texaco)

Founded
Asia PacificOfficial Website

Who Owns Caltex?

  • Parent Company: Chevron Corporation
  • Ownership Type: Wholly owned
  • Company Type: Publicly Traded
  • Stock Ticker: NYSE: CVX
BrandParent CompanyOwnership Type
CaltexChevron CorporationWholly owned

History of Caltex

  • Founded: 1936
  • Founders: Standard Oil of California (Socal), The Texas Company (Texaco)

Caltex was founded in 1936 as the California Texas Oil Company, a joint venture between Standard Oil of California (Socal) and The Texas Company (Texaco). The name "Caltex" was derived from the combination of California and Texas. The joint venture was created to combine Socal's oil production assets in Bahrain and Saudi Arabia with Texaco's marketing and distribution networks in Asia and Africa.

The California Texas Oil Company began operations with assets in the Middle East and a mandate to market petroleum products across Asia-Pacific and Africa. The company established refineries, distribution terminals, and retail stations in countries where neither Socal nor Texaco had strong individual presences. By the 1960s, Caltex had become one of the most recognized fuel brands in Asia-Pacific, with operations in Australia, the Philippines, Singapore, South Africa, and other markets.

Through the 1970s and 1980s, Caltex expanded its retail network and added convenience stores to many of its stations. The brand built strong market positions in several countries, becoming the market leader in fuel retail in some Asian markets. Caltex's convenience store format, often branded as Star Mart, became a significant revenue driver alongside fuel sales.

The joint venture structure remained in place until 2001, when Chevron acquired Texaco. The merger transformed Caltex from a jointly owned entity into a wholly-owned Chevron brand. Following the merger, Chevron began rationalizing its international brand portfolio. In some markets, Caltex stations were rebranded to Chevron, while in others the Caltex brand was retained due to its strong local recognition.

Australia was a significant Caltex market where the brand had operated since 1941. Caltex Australia was listed as a separate publicly traded company on the Australian Securities Exchange (ASX) in 2015, when Chevron sold a majority stake. Chevron sold its remaining shares in 2015. In 2020, Caltex Australia rebranded to Ampol, ending the Caltex brand's presence in the Australian market. The rebranding was completed by 2022.

In the Philippines, Caltex operates through Chevron Philippines and maintains a significant retail network. In Singapore, Caltex operates multiple stations and a major refinery. In South Africa and other African markets, Caltex stations continue to operate under the brand. In several Middle Eastern markets, Caltex maintains a presence through partnerships and joint ventures with local entities.

Chevron has invested in EV charging infrastructure at Caltex stations in select markets, positioning the brand for the energy transition. The company has also introduced renewable fuel options including biofuels at some Caltex locations. As of August 2026, Caltex operates approximately 8,000 retail stations across its international markets.

About Chevron Corporation

What does Chevron own?
Chevron owns an integrated portfolio of energy assets including oil and gas exploration and production facilities, refineries, retail fuel stations, and petrochemical manufacturing operations through Chevron Phillips Chemical Company. The company's major brands include Chevron, Texaco, Caltex, Havoline, Delo, and Extra Mile. Following the July 2025 acquisition of Hess Corporation, Chevron also owns a 30% stake in the Stabroek Block off Guyana with more than 11 billion barrels of recoverable oil.

Is Chevron publicly traded?
Yes, Chevron is publicly traded on the New York Stock Exchange under the ticker symbol CVX. The company has been publicly traded since the early 20th century and is one of the largest energy companies by market capitalization in the United States. It is a component of the Dow Jones Industrial Average.

Who founded Chevron?
Chevron traces its origins to the Pacific Coast Oil Company, founded in 1879 in San Francisco by California entrepreneurs. The company became part of Standard Oil in 1900 and operated as Standard Oil of California until the Standard Oil breakup in 1911. The Chevron name was adopted in 1984 following the acquisition of Gulf Oil.

Where is Chevron headquartered?
Chevron is headquartered in Houston, Texas, USA. The company relocated its headquarters from San Ramon, California, to Houston in 2024, with the move effective January 1, 2025. Chevron had approximately 7,000 employees in the Houston area at the time of the announcement. Positions supporting California operations remain in San Ramon.

How many brands does Chevron own?
Chevron owns 6 major brands across its energy portfolio: Chevron (premium fuel), Texaco (fuel brand), Caltex (international fuel brand), Havoline (motor lubricants), Delo (heavy-duty lubricants), and Extra Mile (convenience stores).

Who owns Chevron?
Chevron is publicly owned with no controlling shareholder. Ownership is broadly distributed among institutional investors, mutual funds, and individual shareholders. Major institutional shareholders include Vanguard Group, BlackRock, and State Street Global Advisors, typical of large-cap U.S. corporations.

What is Chevron's revenue?
For FY2025, Chevron reported total revenues and other income of $189.0 billion, down from $202.8 billion in FY2024. Net income attributable to Chevron was $12.3 billion, or $6.63 per diluted share. The decline reflected lower crude oil prices, partly offset by higher production from the Hess acquisition and record Permian Basin output.

Has Chevron made major acquisitions recently?
Yes. Chevron completed its acquisition of Hess Corporation on July 18, 2025, for approximately $53 billion in an all-stock transaction. The acquisition gives Chevron a 30% stake in the Stabroek Block off Guyana, with more than 11 billion barrels of recoverable oil. The deal faced an arbitration challenge from ExxonMobil and CNOOC, which the International Chamber of Commerce resolved in Chevron's favor.

  • Founded: 1879
  • Headquarters: Houston, Texas, USA
  • Company Type: Publicly Traded
  • Stock: NYSE: CVX
  • Revenue: $189.0 billion (FY2025)
  • Employees: Approximately 43,000

Visit Chevron Corporation website

View full company profile for Chevron Corporation

Where Is Caltex Made / Based?

  • Headquarters: Houston, Texas, USA

Caltex Categories & Tags

Fuel StationsPetroleum ProductsInternational BrandsConvenience StoresChevronGlobal Brand

Caltex Recalls & Controversies

Caltex Australia Rebranding (2020-2022): Caltex Australia, which had operated as a separately listed company on the ASX after Chevron sold its stake in 2015, rebranded to Ampol in 2020. The rebranding was completed by 2022, ending the Caltex brand's presence in Australia. The decision reflected Ampol's desire to establish an independent brand identity after Chevron's divestment and the expiration of brand licensing arrangements.

Environmental Incidents: Caltex has experienced environmental incidents at fuel station locations in various markets, including fuel spills and tank leaks. These incidents have led to regulatory investigations and remediation requirements in some jurisdictions. Chevron maintains environmental compliance programs across its international operations, and specific incidents are addressed through local regulatory processes. No single major environmental incident involving Caltex has dominated the brand's public record as of August 2026.

Chevron Corporate Controversies: As a wholly-owned brand of Chevron, Caltex is associated with Chevron's corporate controversies. Chevron has faced significant legal and environmental controversies, including the long-running Lago Agrio oil pollution case in Ecuador. In 2011, an Ecuadorian court ordered Chevron to pay $18 billion in damages (later reduced to $9.5 billion) for environmental contamination caused by Texaco's operations in the Amazon between 1964 and 1992. Chevron has refused to pay, arguing that the judgment was obtained through fraud and that the company was released from liability by a 1998 settlement with the Ecuadorian government. The case remains unresolved as of 2026, with enforcement actions in multiple jurisdictions. This controversy is associated with Chevron's corporate history rather than Caltex-branded operations specifically.

No major product safety recalls have been reported for Caltex-branded fuel products as of August 2026.

Brands Owned by Chevron Corporation

TexacoEnergy Utilities

Texaco

Owned by Chevron Corporation

American fuel and convenience store brand known for its distinctive red star logo, gasoline stations, and automotive products across the United States and select international markets.

fuel-stationsgasolineconvenience-stores
View all brands owned by Chevron Corporation

Caltex Ownership: Pros & Cons

Advantages

  • +88-year brand heritage with strong recognition in Asia-Pacific, Africa, and the Middle East
  • +Backed by Chevron's global refining, production, and distribution infrastructure
  • +Techron fuel additive technology differentiates from standard fuel competitors
  • +Chevron's Dow Jones Industrial Average membership provides financial stability
  • +EV charging investments position the brand for energy transition in key markets

Considerations

  • -Caltex brand has exited Australia (rebranded to Ampol in 2020-2022), reducing geographic coverage
  • -Fuel retail faces long-term decline as EV adoption increases in some markets
  • -Associated with Chevron's corporate controversies, including the Ecuador environmental case
  • -Competition from state-owned oil companies in several Caltex markets limits growth
  • -Chevron may continue transitioning Caltex stations to the Chevron brand in select markets

Frequently Asked Questions About Caltex

Sources & Further Reading

  • Caltex Official Website
  • Chevron Corporation Official Website
  • Chevron Investor Relations
  • SEC EDGAR: Chevron Corporation (CVX) Filings
  • NYSE: CVX Stock Quote
  • Wikidata: Caltex
  • Ampol (formerly Caltex Australia) Official Website
  • Chevron-Hess Acquisition Announcement
  • S&P Global Commodity Insights: Asia-Pacific Fuel Markets

Competitors to Caltex

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
TexacoTexacoSister Brand
Chevron
USA
1901
Mass marketUnited statesAll-ages

Learn More About Competitors

TexacoEnergy Utilities

Texaco

Owned by Chevron Corporation

American fuel and convenience store brand known for its distinctive red star logo, gasoline stations, and automotive products across the United States and select international markets.

fuel-stationsgasolineconvenience-stores

Competitive Analysis

Market Positioning: Caltex competes with 1 brands in the same categories, ranging from mass market to luxury positioning.

Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.

Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.

Independent Alternatives to Caltex

Looking for brands with different ownership structures? These similar brands are not owned by Chevron Corporation, giving you alternative choices that support different corporate structures.

Adani Green EnergyEnergy Utilities

Adani Green Energy

Owned by Adani Group

Adani Green Energy Limited (AGEL) is India's largest renewable energy company by installed capacity, listed on the National Stock Exchange and BSE. It develops, builds, and operates solar and wind power plants across India.

renewable-energysolarwind
Privately Owned

Adani Green Energy is privately owned, unlike Caltex which is under a publicly traded parent company.

Adani PowerEnergy Utilities

Adani Power

Owned by Adani Group

India's largest private thermal power producer, operating approximately 17,550 megawatts of installed capacity across eight states, listed on NSE and BSE.

power-generationenergythermal-power
Privately Owned

Adani Power is privately owned, unlike Caltex which is under a publicly traded parent company.

JSW EnergyEnergy Utilities

JSW Energy

Owned by JSW Group

JSW Energy Limited is an Indian independent power producer and subsidiary of JSW Group, operating thermal, hydro, solar, and wind assets with over 10 GW of installed capacity and a target of 30 GW by 2030.

renewable-energysolarwind
Privately Owned

JSW Energy is privately owned, unlike Caltex which is under a publicly traded parent company.

CMS EnergyEnergy Utilities

CMS Energy

Owned by CMS Energy

American energy company providing electricity and natural gas utility services to Michigan residents through Consumers Energy subsidiary.

energy-utilityelectricitynatural-gas
Publicly Traded

CMS Energy operates independently without a large parent corporation.

GE VernovaEnergy Utilities

GE Vernova

Owned by GE Vernova LLC

Independent publicly traded energy technology company spun off from General Electric in April 2024, providing gas turbines, wind turbines, grid solutions, and electrification technology globally.

energy-technologywind-powergas-turbines
Publicly Traded

GE Vernova operates independently without a large parent corporation.

NHPCEnergy Utilities

NHPC

Owned by NHPC Limited

NHPC Limited is India's premier state-owned hydropower and renewable energy company, a Navratna PSU under the Ministry of Power, with over 9 GW of installed capacity across hydro, solar, and wind.

renewable-energyhydrosolar
State-Owned

NHPC operates independently without a large parent corporation.

Chevron Corporation Stock Information

Jobs at Chevron Corporation

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Last reviewed: August 1, 2026 · Reviewed by Who Brands Editorial Team