97-656: Ampol Cup may refer to the following Australian sporting competitions sponsored by Ampol , a former Australian petroleum company: Ampol Cup (1959–1985), a soccer knockout competition held in New South Wales, currently known as the Waratah Cup . See also: National Soccer League#Origin Ampol Cup, (1959–1991) a soccer knockout competition in Queensland, now known as
194-871: A shale oil extraction process named Chevron CRUSH . In 2006, the United States Department of the Interior issued a research, development and demonstration lease for Chevron's demonstration oil shale project on public lands in Colorado's Piceance Basin . In February 2012, Chevron notified the Bureau of Land Management and the Department of Reclamation, Mining and Safety that it intended to divest this lease. Starting in 2010, Chevron began to reduce its retail footprint and expand in domestic natural gas. In July 2010, Chevron ended retail operations in
291-589: A 20% equity interest in Seaoil. The acquisition of the 20% equity interest was completed in March 2018. Chevron Corporation Chevron Corporation is an American multinational energy corporation predominantly specializing in oil and gas . The second-largest direct descendant of Standard Oil , and originally known as the Standard Oil Company of California (shortened to Socal or CalSo ), it
388-740: A 20% stake in Ampol in 1979. From 1980 until 1984, Ampol owned a 66% shareholding in Brisbane television station TVQ . In 1982, Ampol purchased the marketing and refining assets of Total Australia and changed its name to Ampol Limited. In 1988, Ampol was fully taken over by Pioneer International and delisted from the ASX the following year. The following year, Ampol purchased Solo , the largest independent retailer and distributor in Australia at that time. Prior to 1995, Caltex and Ampol were rivals in
485-537: A 30 percent holding in its Canadian oil shale holdings to Kuwait 's state-owned oil company Kuwait Oil Company for a fee of $ 1.5 billion. Despite these sales, Chevron continued to explore acquisitions, a trend which had reinvigorated in 2019 and extended throughout the COVID-19 pandemic . In April 2019, Chevron announced its intention to acquire Anadarko Petroleum in a deal valued at $ 33 billion, but decided to focus on other acquisitions shortly afterwards when
582-570: A combined 400,000 barrels per day.from two offshore projects. With the potential to develop 10 more projects, Guyana becomes one of the fastest-growing oil regions that Chevron now has access to. In 2023, Chevron entered into a 10-year agreement with state-owned Hindustan Petroleum Corporation Ltd (HPCL) to license, manufacture, distribute and sell Chevron lubricants in India under the Caltex brand. In August 2024, Chevron earmarked $ 1 billion in
679-534: A combined market value of approximately $ 95 billion. Completed on October 9, 2001, Chevron temporarily renamed itself to ChevronTexaco between 2001 and 2005; after the company reverted its name to Chevron, Texaco became used as a brand by the company for some of its fueling stations. 2005 also saw Chevron purchase Unocal Corporation for $ 18.4 billion, increasing the company's petroleum and natural gas reserves by about 15%. Because of Unocal's large South East Asian geothermal operations, Chevron became
776-564: A company that provides portable carbon capture technology for the oil field and other industrial facilities. Two years later, Chevron announced that they will acquire Renewable Energy Group , a biodiesel production company based in Ames, Iowa . The acquisition was completed just under four months later on June 13. In the Americas, Chevron acquired natural gas company Beyond6, LLC (B6) and its network of 55 compressed natural gas stations across
873-478: A deal could not be reached. Despite the failed acquisition of Andarko, Chevron did acquire Noble Energy for $ 5 billion in July 2020. Chevron was not spared from the pandemic, however, as Chevron announced reductions of 10–15% of its workforce due to both the pandemic and a 2020 oil price war between Russia and Saudi Arabia . During the pandemic, Chevron considered a merger with rival ExxonMobil in 2020 during
970-595: A domestic gas plant with the capacity to provide 300 terajoules per day to supply gas to Western Australia. It is also developing the Wheatstone liquefied natural gas development in Western Australia. The foundation phase of the project is estimated to cost $ 29 billion; it will consist of two LNG processing trains with a combined capacity of 8.9 million tons per annum, a domestic gas plant and associated offshore infrastructure. In August 2014
1067-629: A key role in helping Nicolas Maduro's government dodge US economic sanctions, using his Syrian and Lebanese parentage to open up new business channels to Iran and Turkey . On January 5, 2022, Chevron temporarily decreased production in Kazakhstan 's Tengiz Field due to the 2022 Kazakh protests , which were motivated by heavy oil price increases. Later that month, Chevron also announced it would end all operations in Myanmar , citing rampant human rights abuses and deteriorating rule of law since
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#17327986144991164-548: A large producer of geothermal energy . The deal did not include Unocal's former retail operations including the Union 76 trademark, as it had sold that off to Tosco Corporation in 1997. The 76 brand is owned by Phillips 66 , unaffiliated with Chevron. Chevron and the Los Alamos National Laboratory started a cooperation in 2006, to improve the recovery of hydrocarbons from oil shale by developing
1261-680: A license to the Gulf trademark in the Northeastern United States since 1986. In 1996, Chevron transferred its natural gas gathering, operating and marketing operation to NGC Corporation (later Dynegy) in exchange for a roughly 25% equity stake in NGC. In a merger completed February 1, 2000, Illinova Corp. became a wholly owned subsidiary of Dynegy Inc. and Chevron's stake increased up to 28%. However, in May 2007, Chevron sold its stake in
1358-422: A new logo that was rolled out across Australia between 2020 and 2022. Today's Ampol Limited traces its history back to two independent businesses that merged in 1995, Caltex Oil (Australia) Pty Ltd (a subsidiary of Caltex Australia Limited, owned by the global Caltex Petroleum Corporation ) and a previous incarnation of Ampol Limited (owned by Hanson Australia ). At the time of merger, Caltex Petroleum Corporation
1455-466: A new research and development (R&D) hub called Chevron Engineering and Innovation Excellence Center (ENGINE) in Bengaluru , India. The first logo featured the legend "Pacific Coast Oil Co.", the name adopted by the company when it was established in 1879. Successive versions showed the word 'Standard' (for "The Standard Oil of California"). In 1968, the company introduced the word 'Chevron' (which
1552-513: A regional headquarters there as of 2013, partially for Marcellus Shale -related drilling. The same year, Standard Oil of California also took the opportunity to change its legal name to Chevron Corporation , since it had already been using the well-known "Chevron" retail brand name for decades. Chevron would sell the Gulf Oil trademarks for the entire U.S. to Cumberland Farms , the parent company of Gulf Oil LP , in 2010 after Cumberland Farms had
1649-674: A significant gas-condensate discovery at the Lasseter-1 exploration well in WA-274-P in Western Australia, in which Chevron has a 50% interest was announced. The company also has an interest in the North West Shelf Venture , equally shared with five other investors including BP , BHP Petroleum , Shell , Mitsubishi / Mitsui and Woodside . Presently, Chevron is looking to convert its Gorgon Island operations from upstream production to carbon capture and storage . In
1746-467: A surveying company and a dredge operator for compensation, due to the damage to a pipeline caused by their dredge in 1971. The pipeline connected Kurnell Refinery to an Australian Oil Refining Pty Ltd (AOR) refinery under Botany Bay . Caltex argued it had to arrange alternative means of transport of petroleum products. After losing a ruling in the NSW Supreme Court, an appeal was successful in
1843-763: Is active in more than 180 countries. Within oil and gas, Chevron is vertically integrated and is involved in hydrocarbon exploration , production , refining , marketing and transport, chemicals manufacturing and sales, and power generation . Founded originally in Southern California during the 1870s, the company was then based for many decades in San Francisco, California , before moving its corporate offices to San Ramon, California , in 2001; and on August 2, 2024, Chevron announced that it would be relocating its headquarters from California to Houston, Texas , by 2025. Chevron traces its history back to
1940-666: Is an Australian petroleum company headquartered in Sydney , New South Wales . Ampol is the largest transport energy distributor and retailer in Australia, with more than 1,900 Ampol-branded service stations across the country as of October 2022 . Ampol also operates in New Zealand through its subsidiary Z Energy . Ampol was first incorporated in 1936 and would later be owned by Pioneer International (now Hanson Australia ). The Caltex brand in Australia separately began in 1941 to market petrol in its chain of service stations and
2037-697: Is one of the largest companies in the world and the second-largest oil company based in the United States by revenue, only behind fellow Standard Oil descendant ExxonMobil . Chevron ranked 10th on the Fortune 500 in 2023. The company is also the last-remaining oil-and-gas component of the Dow Jones Industrial Average since ExxonMobil's exit from the index in 2020. Chevron has been subject to numerous controversies . One of Chevron's early predecessors, "Star Oil", discovered oil at
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#17327986144992134-522: Is poised to be the world's largest storage facility for hydrogen in renewable energy . In October 2023, Chevron Corporation acquired Hess Corporation in an all-stock deal for $ 53 billion. The acquisition, which was announced on October 23, 2023, opens up new opportunities in the US shale plays and in oil-rich Guyana . Hess Corp, Exxon Mobil and China 's CNOOC , key players in Guyana, have been producing
2231-1038: Is well known for its slogan "the human energy company", a campaign first launched in September 2007. In a corporate blog, Chevron states "human energy" was chosen as their campaign's slogan and focus because "human energy captures our positive spirit in delivering energy to a rapidly changing world". The slogan remains prominent in Chevron advertising, and Chevron has derived from this slogan to use phrases in marketing such as "it's only human". As of December 31, 2018, Chevron had approximately 48,600 employees (including about 3,600 service station employees). Approximately 24,800 employees (including about 3,300 service station employees), or 51 percent, were employed in U.S. operations. Chevron's dominant regions of production are North America, which produces 1.2 billion barrels of oil equivalent (BBOE), and Eurasia, which produces 1.4 BBOE. Chevron's Eurasian-Pacific operations are concentrated in
2328-557: The 2021 Myanmar coup d'état . A statement released by the company on its website stated while Chevron was committed to an orderly exit which ensured it could still provide energy to Southeast Asia, Chevron remained firmly opposed to the human rights violations committed by the current military rule in Myanmar . Also in 2022, Chevron was reported to explore the sale of stakes in three fields located in Equatorial Guinea . It
2425-760: The Canale Cup Ampol Cup, (1964–1976) a soccer knockout competition in Tasmania, Australia, currently known as the Milan Lakoseljac Cup Ampol Tournament , a golf competition that ran from 1947 until 1959 China–Australia Ampol Cup, a soccer trophy awarded to the winner of matches between China and the Australia national soccer team during the mid-1980s Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with
2522-617: The EG Group also proposed an offer to acquire Caltex Australia, which was declined by the Caltex Australia board. In April 2020, ATD decided not to proceed with its acquisition proposal due to the high level of economic uncertainty caused by the COVID-19 pandemic , but will seek to re-engage once there is sufficient clarity to the global economic outlook. After the sale of Chevron's 50% share, Caltex Australia continued to use
2619-485: The New Zealand's Exchange (NZX), using the same trading symbol ALD as its Australian listing. Ampol would retain its primary listing on the ASX. Ampol-branded sites can have any of the following types of convenience store formats. Prior to the rebranding to Ampol, service stations could also have Caltex's Star Mart and Star Shop convenience store formats, which were converted to Woolworths MetroGo or Foodary during
2716-724: The Pico Canyon Oilfield in the Santa Susana Mountains north of Los Angeles in 1876. The 25 barrels of oil per day well marked the discovery of the Newhall Field, and is considered by geophysicist Marius Vassiliou as the beginning of the modern oil industry in California. Energy analyst Antonia Juhasz has said that while Star Oil's founders were influential in establishing an oil industry in California, Union Mattole Company discovered oil in
2813-407: The U.S. Department of Justice and U.S. Environmental Protection Agency , Chevron and Phillips failed to properly flare at the plants, causing excess air pollution. The companies agreed to add pollution control systems to the plants as well. Despite the major oil and gas companies, including Chevron, reporting sharp rises in interim revenues and profits due to Russia's 2022 invasion of Ukraine ,
2910-655: The United Kingdom , Southeast Asia , Kazakhstan , Australia , Bangladesh , and greater China . Chevron additionally operates in South America, the west coast of sub-Saharan Africa (mainly Nigeria and Angola ), Egypt , and Iraq ; these four regions collectively produce 0.4 BBOE. Chevron's largest revenue products are shale and tight , though produces considerable revenue from heavy oil , deepwater offshore drilling , conventional oil, and liquefied natural gas . In October 2015, Chevron announced that it
3007-779: The "non-exclusivity period", where both Chevron and Ampol could use the Caltex brand at the same time. After this date, Ampol would no longer be authorised to use the Caltex brand. This meant the rebranding to Ampol had to be completed by 31 December 2022. Ampol planned to rebrand its sites in Sydney and Melbourne in August 2020, followed by Brisbane and Adelaide in October 2020, Perth in November 2020 and nationally in 2021. The Granville and Concord sites along Parramatta Road in Sydney were
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3104-421: The 1930s. The name "Calso" was also used from 1946 to 1955, in states outside its native West Coast territory. Standard Oil Company of California ranked 75th among United States corporations in the value of World War II military production contracts. In 1933, Saudi Arabia granted California Standard a concession to find oil, which led to the discovery of oil in 1938. In 1948, California Standard discovered
3201-636: The Ampol rebranding. Star Shop was a smaller version of Star Mart with just convenience items and packaged foods and limited operating hours. The Woolworths MetroGo part would later be rebranded to Ampol Foodary in 2023. In 2003, Caltex Australia entered into a joint venture agreement with large supermarket retailer Woolworths . Shortly after in 2004, a similar fuel discount offer was launched by rival Coles Group . Woolworths' existing Plus Petrol service stations received Caltex branding and, similarly, Caltex service stations received Woolworths branding—the joint venture outlets became Caltex Woolworths. However, this
3298-467: The Australian market and acquire Puma Energy 's Australian operations and intending to rebrand them under the Caltex brand. Caltex Australia proposed to rebrand itself back as Ampol, which was approved by more than 99% of shareholders during the annual general meeting on 14 May 2020. Caltex Australia cited continued high recognition and regard for the Ampol brand, and the move was expected to save
3395-461: The Biden administration as well as from news commentators within the United States. The 2020s also saw efforts by Chevron to expand into the clean energy industry. Across the 2020s, Chevron invested stakes into fusion power companies, the two largest of them being Zap Energy and TAE Technologies . September 2023 saw Chevron acquire a majority stake in a Utah hydrogen storage facility, which
3492-548: The Caltex StarCard loyalty card at Ampol service stations, and continuing to use Caltex and StarCard trade marks in conjunction with Ampol trade marks. Chevron argued that these infringed on Chevron's registered trademarks, and that these were misleading and deceptive conduct, and hence contravening the Australian Consumer Law. The Federal Court of Australia ruled that the use of the red canopy fascia
3589-634: The Caltex brand overseas in areas like Singapore, Caltex Australia opted to name their Singaporean business after their former Australian business, Ampol. It commenced trading in October 2013, and the Kurnell Refinery closed in 2014. In December 2017, Caltex Australia entered a strategic partnership with Seaoil , the leading independent fuel company in the Philippines. As part of the partnership, Caltex Australia would supply oil to Seaoil via Ampol Singapore, while Caltex Australia would take up
3686-449: The Caltex brand under a trademark license agreement. Under the terms of the agreement, the minimum period of notice required when terminating without cause was six months. In December 2019, Caltex Australia announced that Chevron had given notice to terminate the trademark licence agreement for the use of the Caltex brand in Australia, effective from 30 June 2020. The licence agreement termination followed Chevron announcing it would re-enter
3783-428: The Caltex's nearby Kurnell Refinery). The refinery was Australia's first lube oil plant. In May 1995, Caltex and Ampol merged their petroleum, refining and marketing assets (i.e. Caltex Oil (Australia) Pty Ltd and Ampol Limited) to form Australian Petroleum Pty Ltd (APPL), owned equally by Pioneer International and Caltex Australia. At the time, the merged company held a 28% market share in the petroleum industry. Under
3880-549: The Gulf of Mexico. As of December 31, 2018, the company's upstream business reported worldwide net production of 2.930 million oil-equivalent barrels per day. In the United States, the company operates approximately 11,000 oil and natural gas wells in hundreds of fields occupying 4,000,000 acres (16,000 km ) across the Permian Basin , located in West Texas and southeastern New Mexico . In 2010, Chevron
3977-540: The High Court of Australia. Caltex Australia was compensated even though it did not own the pipeline (AOR did), and while the general rule was that pure economic loss was not recoverable, it was subject to an exception in circumstances where the defendant could reasonably foresee that the particular plaintiff, as opposed to a general class of persons, would suffer loss as a result of their negligence . The A ustralian M otorists P etr ol Company, simply known as Ampol,
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4074-556: The Kurnell lube oil refinery, Golden Fleece, Ampol and Caltex, were under the same ownership, and the refinery was later called Caltex Lubricating Oil Refinery. In February 1999, Caltex opened an "IGA Everyday" supermarket at its service station in Bondi, to compete with Woolworths and Coles. Also in the same month, the new Caltex branding, introduced globally in 1996, was introduced to Australia. The existing network of convenience stores
4171-849: The Mid-Atlantic United States by removing the Chevron and Texaco names from 1,100 stations. In 2011, Chevron acquired Pennsylvania-based Atlas Energy Inc. for $ 3.2 billion in cash and an additional $ 1.1 billion in existing debt owed by Atlas. Three months later, Chevron acquired drilling and development rights for another 228,000 acres in the Marcellus Shale from Chief Oil & Gas LLC and Tug Hill, Inc. In September 2013, Total S.A. and its joint-venture partner agreed to buy Chevron's retail distribution business in Pakistan for an undisclosed amount. In October 2014, Chevron announced that it would sell
4268-597: The NRMA's board sought investors. In early 1936, an advertisement was printed in the NRMA's periodical publicising the float of Ampol. The first delivery of oil was received at White Bay in December 1937 and, by 1939, Walkley had joined the board of Ampol as managing director. During World War II, Walkley served on the Oil Advisory Committee and the board of Pool Petroleum Pty Ltd, both of which supervised
4365-669: The Pacific Coast acquired the business operations and assets of the Standard Oil Company (Iowa) . At this time, Pacific renamed itself the Standard Oil Company (California). Since the acquisition of the Pacific Coast Oil Company by Standard Oil, the Standard descendant had traditionally worked closely with Texaco for 100 years, before acquiring Texaco outright in 2001. Originally known as
4462-512: The Pittsburgh-based natural gas firm EQT Corporation in 2020. Chevron's largest single resource project is the $ 43 billion Gorgon Gas Project in Australia. It also produces natural gas from Western Australia. The $ 43 billion project was started in 2010, and was expected to be brought online in 2014. The project includes construction of a 15 million tonne per annum liquefied natural gas plant on Barrow Island , and
4559-727: The Texas Fuel Company (later the Texas Company), Texaco was founded in Beaumont, Texas , as an oil-equipment vendor by "Buckskin Joe". The founder's nickname came from being harsh and aggressive. Texas Fuel worked closely with Chevron. In 1936, it formed a joint venture with California Standard named Caltex , to drill and produce oil in Saudi Arabia . According to energy analyst and activist shareholder Antonia Juhasz ,
4656-477: The Texas Fuel Company and California Standard were often referred to as the "terrible twins" for their cutthroat business practices. In 1911, the federal government broke Standard Oil into several pieces under the Sherman Antitrust Act . One of those pieces, Standard Oil Co. (California), went on to become Chevron. It became part of the " Seven Sisters ", which dominated the world oil industry in
4753-834: The Tombua–Landana development and the Mafumeira Norte project, operated by the company. It is also a leading partner in Angola LNG plant . In Kazakhstan , Chevron participate the Tengiz and Karachaganak projects. In 2010, Chevron became the largest private shareholder in the Caspian Pipeline Consortium pipeline, which transports oil from the Caspian Sea to the Black Sea . As of 2013,
4850-716: The United States from Mercuria in November 2022. However, Chevron's largest American moves in the 2020s were in Venezuela , as the Biden administration relaxed restrictions on Chevron from pumping oil in the South American nation, originally imposed due to corruption scandals and human rights violations by Venezuelan president Nicolás Maduro . The relaxed restrictions, however, came with severe limitations, including provisions which prohibited Chevron from selling to Russian or Iranian-affiliated agencies and from allowing any direct profits to go to Venezuelan oil company PDVSA . On November 29, 2022, Venezuelan Government Petroleum Minister Tarek El Aissami met in Caracas , Venezuela, with
4947-431: The agreement which allowed the use of the Caltex brand. EG accused Ampol of making "false representations" about the status of the latter's branding agreement with Chevron in that the then-Caltex Australia could use the Caltex brand for a long time. EG also accused Ampol for failing to disclose that the latter was already locked in discussions with Chevron about the future of the trademark licence agreement. The legal dispute
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#17327986144995044-401: The case of Petroboscán, current production is nil and, in Petropiar, current records indicate close to 50,000 barrels per day. On March 20, 2023, Tareck El Aissami resigned from his government post amid serious corruption allegations. Moreover, El Aissami, a longtime Maduro ally, has a $ 10mn US government reward on his head for allegedly facilitating drug trafficking from Venezuela. He played
5141-449: The company $ 20 million per year in licensing fees to Chevron. Ampol would have to cease using the licensed Caltex trademarks thirty months ("work-out period") after the termination of the trademark licence agreement (30 June 2020). The first part of the work-out period was an 18-month "exclusivity period" where Ampol had exclusive rights to use the Caltex brand until 31 December 2021. The remaining twelve months until 31 December 2022 were
5238-468: The company and the name change of APPL to Caltex Australia Petroleum Pty Ltd (CAPPL) on 1 January 1998. In exchange, Pioneer received 90 million Caltex Australia shares (33.33% stake). After the sale, Caltex Australia was 50% owned by Caltex Petroleum Corporation (the global Caltex company) and 16.66% by the public. Then, in April 1998, Pioneer sold the 90 million Caltex Australia shares through public offering. This meant that 50% of Caltex Australia
5335-414: The company at $ 9.24 billion). However, Caltex Australia was allowed to continue to use the Caltex brand under a trademark licence. In November 2019, Alimentation Couche-Tard (ATD) proposed an offer to acquire Caltex Australia. Initially declined by the Caltex Australia board, ATD proposed an improved offer in February 2020, and the board agreed to further engage with ATD. Separately in the same month,
5432-410: The company for approximately $ 985 million, resulting in a gain of $ 680 million. The early 2000s saw Chevron engage in many mergers, acquisitions, and sales. The first largest of which was the $ 45 billion acquisition of Texaco , announced on October 15, 2000. The acquisition created second-largest oil company in the United States and the world's fourth-largest publicly traded oil company with
5529-516: The company from minerals explorer Ampolex. The first Ampol-owned service station opened in Military Road, Mosman , Sydney in 1952 with the help of Caltex. Within the following six years, 600 new Ampol service stations were opened. During 1959, Ampol expanded by opening a grease plant at Balmain , Sydney and commenced manufacturing tyres and tubes in Somerton , an outer suburb of Melbourne. In 1965, Ampol's Lytton Oil Refinery in Brisbane came on stream. Pioneer International purchased
5626-407: The distribution of petrol. This brought him into contact with Sir George Wales, who owned Alba Petroleum, which had a small market in South Australia and Tasmania . In 1945, Ampol purchased Alba Petroleum in an amicable takeover. The company listed on the Australian Securities Exchange in 1948, and in 1949, it changed its name to Ampol Petroleum Ltd. The name change was largely to distinguish
5723-430: The early 20th century. In 1926, the company changed its name to Standard Oil Co. of California (SOCAL). By the terms of the breakup of Standard Oil, at first Standard of California could use the Standard name only within its original geographic area of the Pacific coast states, plus Nevada and Arizona; outside that area, it had to use another name. Today, Chevron is the owner of the Standard Oil trademark in 16 states in
5820-528: The early stages of the COVID-19 pandemic that drove oil demand sharply down. It would have been one of the largest corporate mergers in history, and a combined Chevron and ExxonMobil (dubbed "Chexxon" by Reuters ) would have been the second-largest oil company in the world, trailing only Saudi Aramco . Later in the pandemic, Chevron began requiring some employees, namely expatriate employees, those working overseas, and workers on U.S.-flagged ships, to receive COVID-19 vaccinations after having some key operations,
5917-433: The existing infrastructure such as wharfs and tanks would be converted to a fuel importation and blending terminal. The conversion was completed in May 2019. Between 2016 and 2017, Caltex acquired 46 Milemaker sites in Victoria, including 30 in Metropolitan Melbourne. Milemaker was a Caltex independent franchisee but set its own retail prices. In March 2015, Chevron sold its 50% stake in Caltex Australia (the deal valuing
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#17327986144996014-405: The first two sites to be rebranded to Ampol on 21 August 2020. The Star Mart store branding was also rebranded as Foodary. In late 2020, EG Australia , the owner of former Woolworths service stations co-branded with Caltex, sued Ampol regarding the latter's rebranding, accusing them of "misleading or deceptive conduct". When EG acquired the stores from Woolworths in April 2019, it also inherited
6111-448: The merger plan, Pioneer would operate the new company while Caltex would be an investor. The Caltex brand was also planned to be retired and replaced by Ampol, but this never eventuated. In 1997, Pioneer planned to leave the petroleum industry. First, in October 1997, Pioneer announced it would sell its 50% shareholding of APPL to Caltex Australia, finalised on 31 December 1997. This resulted in Caltex Australia gaining full ownership of
6208-497: The mid-1940s to the 1970s. In 1985, Socal merged with the Pittsburgh-based Gulf Oil and rebranded as Chevron; the newly merged company later merged with Texaco in 2001. Chevron manufactures and sells fuels, lubricants, additives, and petrochemicals, primarily in Western North America , the US Gulf Coast , Southeast Asia, South Korea and Australia. In 2018, the company produced an average of 791,000 barrels (125,800 m ) of net oil-equivalent per day in United States. Chevron
6305-516: The off-shore platforms off the Gulf of Mexico and Permian Basin for example. The requirement will begin for workers off the Gulf of Mexico on the first of November. In the 2020s, Chevron's primary focus was on alternative energy solutions, gradual pullouts from Africa and Southeast Asia, and an increased focus on the Americas with a lessened albeit still present interest in natural gas. Chevron in February 2020 joined Marubeni Corporation and WAVE Equity Partners in investing in Carbon Clean Solutions,
6402-433: The onshore and near-offshore regions of the Niger Delta , Chevron operates under a joint venture with the Nigerian National Petroleum Corporation , operating and holding a 40% interest in 13 concessions in the region. In addition, Chevron operates the Escravos Gas Plant and the Escravos gas-to-liquids plant . Chevron has interests in four concessions in Angola, including offshore two concessions in Cabinda province ,
6499-482: The owner of the payment method brand". However, the court ruled that advertising and offering to accept a StarCard was in breach of the trade mark licensing agreement, in that the use of licensed marks in conjunction with its own trade mark should only be "for the sole purpose of educating customers that it is transitioning away" from the licensed marks. Therefore, the advertising with words such as "StarCard accepted here" or "StarCard will be accepted at Ampol branded sites"
6596-493: The petroleum industry in Australia. However, the two companies were still relatively small compared to other petroleum companies. Despite being rivals, the two companies had partnered up previously. In 1952, Caltex and Ampol established the West Australian Petroleum Pty Ltd ( WAPET ) as a joint venture for oil and gas exploration in Western Australia. In 1964, Caltex, Ampol and Golden Fleece partnered up to build Australian Lubricating Oil Refinery at Kurnell (not to be confused with
6693-417: The president of Chevron, Javier La Rosa. The Venezuelan ruling party said it was committed to "the development of oil production" after the easing of sanctions. The most important joint ventures where Chevron is involved in Venezuela are Petroboscán, in the west of the nation, and Petropiar, in the eastern Orinoco Belt, with a production capacity of close to 180,000 barrels per day between both projects. In
6790-448: The rebranding to Ampol, the Vortex fuel brand was replaced by Amplify. As of October 2022 , there are more than 1,900 Ampol-branded service stations across Australia, including those operated by EG Australia. In 2012, Caltex Australia wanted to establish an overseas trading arm to enable the importation of petrol into Australia. This was largely due to the decision to close Kurnell Refinery. As Chevron Corporation already operate
6887-417: The rebranding, all 540 EG Ampol sites, alongside 210 participating Ampol Foodary sites, continues to accept the four cents per litre discount petrol offer from Woolworths. Since 2022, EG Ampol was also partnering with fast food companies to deliver stores in some of their newer sites. Julian Segal was the CEO of Caltex Australia for almost 11 years from July 2009 until 2 March 2020. CFO Matthew Halliday
6984-809: The refinery was "not viable" because it manufactured "outmoded lubricant products" and faced "declining feedstock sources". In 2012, Caltex Australia wanted to establish an overseas trading arm to enable the importation of petrol into Australia. As Chevron Corporation already operate the Caltex brand overseas in areas like Singapore, Caltex Australia opted to name their Singaporean business after their former Australian business, Ampol. Until 2014, Caltex operated two petroleum refineries in Australia: one at Kurnell in Sydney , and one at Lytton in Brisbane , each inherited from Caltex and Ampol respectively. The Kurnell Refinery ceased operations in 2014, and part of
7081-403: The same year, Caltex Australia floated 25% of its shares to the Australian public, the first multinational oil company to do so in Australia. Part of the proceeds of the offering would be used to pay the acquisition of Golden Fleece. Until the merger with Ampol, Caltex Australia operated though its subsidiary Caltex Oil (Australia) Pty Ltd. In 1976, through the subsidiary, Caltex Australia sued
7178-483: The second half of the 19th century to small California-based oil companies which were acquired by Standard and merged into Standard Oil of California. The company grew quickly on its own after the breakup of Standard Oil by continuing to acquire companies and partnering with others both inside and outside of California, eventually becoming one of the Seven Sisters that dominated the global petroleum industry from
7275-402: The state eleven years prior. In September 1879, Charles N. Felton , Lloyd Tevis , George Loomis and others created the "Pacific Coast Oil Company", which acquired the assets of Star Oil with $ 1 million in funding. Pacific Coast Oil eventually became the largest oil interest in California, and in 1900, John D. Rockefeller 's Standard Oil acquired Pacific Coast Oil for $ 761,000. In 1906,
7372-537: The takeover on the grounds that the acquisition could result in diminished competition. Caltex subsequently abandoned the acquisition, with Mobil entering into an agreement to sell the same sites to 7-Eleven Australia. In late 2009 and early 2010, Caltex Australia announced the closure of the Caltex Lubricating Oil Refinery at Kurnell by 2011. At the time of closure, it was Australia's last remaining lube refinery. Caltex Australia claimed
7469-457: The title Ampol Cup . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Ampol_Cup&oldid=1229548624 " Category : Disambiguation pages Hidden categories: Short description is different from Wikidata All article disambiguation pages All disambiguation pages Ampol Ampol Limited
7566-519: The western and southeastern United States. Since American trademark law operates under a use-it-or-lose-it rule, the company owns and operates one Standard-branded Chevron station in each state of the area. However, though Chevron (as CalSo) acquired Kyso in the 1960s, its status in Kentucky is unclear after Chevron withdrew its brand from retail sales from Kentucky in July 2010. The 'Chevron' name came into use for some of its retail products in
7663-727: The world's largest oil field in Saudi Arabia, Ghawar Field . California Standard's subsidiary, California-Arabian Standard Oil Company, grew over the years and became the Arabian American Oil Company (ARAMCO) in 1944. In 1973, the Saudi government began buying into ARAMCO. By 1980, the company was entirely owned by the Saudis, and in 1988, its name was changed to Saudi Arabian Oil Company— Saudi Aramco . Standard Oil of California and Gulf Oil merged in 1984, which
7760-412: The world's-largest oil companies received immense backlash for such profits. In total, Chevron made US$ 246.3 billion in revenue and $ 36.5 billion in profit within 2022, both of which are records for the company. In addition, days before the company reported its full year earnings, Chevron increased its dividend and announced a $ 75 billion stock buyback program , a move which attracted a heated response from
7857-549: Was also renamed "Star Mart". The Ampol brand was replaced but would remain in use at some service stations, primarily in country areas where customer loyalty and strong brand-recognition were factors. On 27 May 2009, Caltex Australia announced a proposal to acquire 302 Mobil and Mobil Quix service stations in Sydney, Melbourne, Brisbane and Adelaide, subject to approval of the Australian Competition & Consumer Commission (ACCC). The ACCC subsequently opposed
7954-565: Was appointed as interim CEO until he was appointed permanent CEO of Ampol on 29 June 2020. After the closure of Kurnell Refinery for conversion in 2014, the only Ampol oil refinery remaining in Australia is the Lytton Oil Refinery . The Vortex fuel brand was launched internationally across Caltex in 1999, and to Caltex Australia in August 2000. After Techron was launched across Caltex in 2006, Caltex Australia continued to sell Vortex fuels instead of Techron. As part of
8051-410: Was cutting up to 7,000 jobs, or 11 percent of its workforce. Because of the COVID-19 pandemic and 2020 Russia–Saudi Arabia oil price war , Chevron announced reductions of 10–15% of its workforce. Chevron's oil and gas exploration and production operations, which in the oil and gas industry are considered as " upstream " operations, are primarily in the US, Australia, Nigeria, Angola, Kazakhstan, and
8148-658: Was for commercial use and not "for the sole purpose of educating customers". Even so, this conduct was not misleading or deceptive. Consequently, Ampol was ordered to cease using those statements at Ampol stations or in advertising with effect from 2 August 2021. Ampol partnered with Evie to provide 350 kW electric car chargers at Ampol service stations. In 2022, Ampol also launched its electric vehicle charging brand AmpCharge, with plans to roll out nationwide. The first Ampcharge site opened in Alexandria (Sydney) later that year. On 17 May 2022, Ampol began to be listed on
8245-608: Was incorporated by Sir William Gaston Walkley in 1936 in New South Wales . This was in response to Australians' concerns about perceived inequitable petrol pricing, and allegations of transfer pricing by foreign oil companies to limit their tax liabilities in Australia. Walkley, along with William O'Callaghan and George Hutchison, approached the NRMA and offered to help it form a company to market petrol. Whilst deciding not to officially sponsor an oil company, members of
8342-525: Was incorporated in May 1935. The company became public in December 1958 and briefly became California Asphalt Products Ltd, before changing its name to Caltex Securities (Australia) Ltd in February 1959 and finally to Caltex Australia Limited in March 1981. Caltex Australia opened the Kurnell Refinery in 1956. In March 1981, Caltex Australia acquired Golden Fleece for A$ 75 million . In July
8439-478: Was introduced as a brand in the 1930s) for the first time in its logo. In July 2014, the Chevron Corporation logo design was officially changed, although it has been used since 2000. By 2015, the logo had been changed multiple times, with three different color schemes applied in the logo. The logo was gray, then blue, and then turned red before returning to the silver gray it is today. Chevron today
8536-588: Was mutually resolved in April 2022 with all legal proceedings dropped. The resolution allowed Ampol to continue to be the exclusive supplier to all EG stores under the agreement, and paved the way for the rebranding from Caltex to Ampol in EG stores by the end of the year. In 2021, Chevron also sued Ampol for breaching the Caltex trade mark licensing agreement, regarding the continued use of the red canopy fascia in its rebranded service stations, continuing to promote and accept
8633-432: Was not misleading or deceptive as "no reasonable consumer was likely to think that there is any relevant association between the two entities or that the Caltex and Ampol brands are from the same stable". The court also ruled that the accepting the use of StarCard also was not misleading or deceptive as it was "obvious to a reasonable consumer" that "branded methods of payment may be accepted by businesses that are unrelated to
8730-418: Was owned by Caltex Australia Limited . In 1995, the Ampol and Caltex operations merged to form Australian Petroleum, equally owned by Pioneer and Caltex Australia. Pioneer sold its shareholding between 1997 and 1998, and Caltex Australia gained full ownership of Australian Petroleum. Caltex Australia then gradually replaced the Ampol brand with Caltex over the next decade. From 2001 until 2015, Caltex Australia
8827-681: Was owned equally by American petroleum companies Chevron Corporation and Texaco . Texas Company (later Texaco ) products were first sold in Australia in 1900. Texas Company (Australasia) Limited was incorporated in New South Wales in 1918, with operations across Australia and New Zealand. In June 1936, the Caltex joint venture was formed in the United States between Standard Oil Company of California (later Chevron ) and The Texas Company. Texas Company (Australasia) Limited eventually changed its name to Caltex Limited five years later on 2 January 1941. The legal entity Caltex Australia Limited originated from California Asphalt Products Pty Ltd which
8924-407: Was owned equally by American petroleum company Chevron Corporation and the Australian public until Chevron sold its shareholding to the public. In December 2019 Chevron, owner of the Caltex trademark, gave notice to Caltex Australia to terminate the licence agreement for use of the Caltex brand in Australia. In May 2020, the company officially changed its name and began to rebrand as Ampol, along with
9021-537: Was suggested by Reuters that the sales are intended to attract smaller oil companies. Chevron, however, did not do business in the 2020s without controversy and regulatory obstacles. Chevron Phillips Chemical , a company jointly owned by Chevron and Phillips 66 , agreed to pay $ 118 million in March 2022 as a result of violating the Clean Air Act at three of its chemical production plants in Texas. According to
9118-507: Was the case only with certain Caltex service stations close to Woolworths Supermarkets and many remain unassociated with the fuel discount offer until November 2018, when 125 Caltex-operated sites also began to accept the fuel discount offer. In April 2019, Woolworths sold all its 540 fuel stores to EG Group . They were rebranded to EG Ampol. As part of the sale, Woolworths fuel discount offers and collection of Woolworths Rewards points would be continued by EG Group for 15 years. Following
9215-465: Was the fourth-largest producer in the region. In February 2011, Chevron celebrated the production of its 5 billionth barrel of Permian Basin oil. The Gulf of Mexico is where the company's deepest offshore drilling takes place at Tahiti and Blind Faith. The company also explored and drilled in the Marcellus Shale formation under several northeastern US states; these operations were sold to
9312-410: Was the largest merger in history at that time. To comply with U.S. antitrust law , California Standard divested many of Gulf's operating subsidiaries, and sold some Gulf stations in the eastern United States and a Philadelphia refinery which has since closed. Among the assets sold off were Gulf's retail outlets in Gulf's home market of Pittsburgh , where Chevron lacks a retail presence but does retain
9409-521: Was then owned by the public (ASX shareholders). The remainder 50% continued to be owned by Caltex Petroleum Corporation. The latter would later become fully owned by Chevron Corporation in 2001. The 50% Chevron shareholding and 50% ASX shareholding of Caltex Australia then remained in this composition until 2015. As a result of the merger, the WAPET oil and gas exploration joint venture was replaced by Chevron Australia Pty Ltd in February 2000. The owners of
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