The Caltex brand and all its associated products and services are traded under the Singapore-based Chevron Global Supply and Trading (Chevron Trading). Chevron Trading purchases and sells a wide range of crude oil feedstocks and finished petroleum products consumed by the entire Chevron Marketing system. In addition, the Group is also involved in the business of buying and selling petroleum products to interested third party buyers around the world.

The corporate mandate surrounding this trading activity is to reduce petroleum feedstock costs for Chevron globally by finding ways to outperform the company's internal refinery benchmarks. This process links it closely to the Corporation's Manufacturing and Supply operating units.

Within its portfolio, Chevron Trading has to manage trading, supply and logistics risks. The group uses Value at Risks (VAR) tools and methods to achieve this.

The Chevron Trading activities include the identification of new customers. In this regard Caltex as a brand works very closely with the parent companies and affiliates to penetrate new markets and to develop new business lines. Consistent with Corporate Risk Management Guidelines, Trading seeks to exploit market price structure and conduct spread trading to generate profits.

Trading is the center of expertise for marine shipping and ensures that the transportation and equipment employed by Chevron or calling at Chevron’s terminals meets or exceeds industry standards.

The key to Chevron Trading's success is the development of world class people. In 1999, Chevron Trading was ranked First among "System Trading Companies," in Applied Trading System's annual Survey of Best Trading Companies In Asia. In the same survey, Chevron Trading was ranked First among "Most Improved Trading Companies" and tied for Second among "Best Overall Trading Companies."