Caltex

Common card · No. 223591

Caltex is a petroleum brand name of Chevron Corporation used in the Asia-Pacific region, the Middle East, and Southern Africa. Headquartered in Singapore, it is also the brand name of non-Chevron petroleum companies in some countries (such as New Zealand, and previously Australia and South Africa) under a trademark licensing agreement with Chevron. Caltex was also the name of the joint venture between Chevron and Texaco which used the Caltex brand name in its operations, until both parent companies merged in 2001 to form ChevronTexaco (later renamed simply to Chevron in 2005). The joint venture was created on 30 June 1936 as California Texas Oil Company Limited, a wholly owned subsidiary of the Bahrain Petroleum Company and was a holding company owning the shares of 5 Texaco marketing subsidiaries: The Texas Company (Australasia, China, India, Philippine Islands, South Africa) Ltd.. In exchange Texaco was awarded a 50% stake in BAPCo. This was followed by Texaco gaining a 50% interest in...

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