
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.
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Caltex | Chevron Corporation | Wholly owned |
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.
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.
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.
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Chevron | USA | 1901 | Mass market | United states | All-ages |
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.
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