Caltex is born, the result of a merger between Socal and Texaco, both U.S. oil companies.
Caltex begins operations in Pakistan.
Under consignment to the Allied Forces during World War II, the Bahrain refinery’s capacity increases to 115,000 barrels a day.
After the war, Caltex ups its bunkering service, boosts the manufacture of lubricating oil and asphalt sales, and dramatically increases its refining capacity.
Socal and Texaco are partners in the California Arabian Standard Oil Co. (later Aramco), which soon becomes the most prolific oil producer in the world.
Caltex enters into 50-50 partnerships with refineries in Japan, unlike most Western corporations, which prefer a controlling interest.
Caltex enters a joint venture with Nippon Oil Corporation subsidiary Tokyo Tanker Co., which launches its first supertanker, Nikko Maru, and the world’s largest tanker at that time, Tokyo Maru.
Caltex builds the Philippines’ first petroleum refinery, the Batangas Refinery, on a 300-acre site along the waters of Batangas Bay, about 72 miles south of Manila. Caltex commissions close to 20 new refineries from 1952 to 1966.
Constructing Australia’s Kurnell Refinery enables Caltex to process and distribute the increasing production from Caltex Pacific Indonesia’s Minas and Duri Fields.
Japan leads the world in demand, buying 11 million barrels of Caltex products. In the 1960s, Caltex’s product sales increase more than 10 per cent a year and its operations extend to more than 70 countries.
Socal and The Texas Co. divest Caltex of all its European assets following moves by Texaco to extend its interests in the Western Hemisphere. This episode is atypical in an otherwise harmonious and long-lived partnership.
Japan contributes roughly one-third of Caltex’s system-wide sales, with strong growth in India, the Philippines, South Africa, Taiwan and South Korea. In contrast, Caltex is deprived of its traditional crude sources in Bahrain and Saudi Arabia due to Arab oil embargos and the nationalisation of company-owned assets during the 1970s.
Caltex’s advertising message stresses its multicultural employee base: “As a responsible petroleum marketer doing business in three continents flying over 60 different flags, Caltex has thrived under a simple yet sensible corporate policy… to employ, train, and advance citizens of each and every country where the Caltex Star shines.”
The company opens its first trading office in Singapore. Caltex now has 17 refineries with a total capacity of about 1.4 million barrels a day.
Caltex purchases Golden Fleece Petroleum and its 1,100 retail outlets, making it Australia’s second largest marketer of petroleum products.
Caltex acquires the Summit Oil Co. and its 120 outlets in Thailand.
Caltex operates in 56 countries. At its 50th anniversary, a historian states that the company’s "reputation as a responsible corporate citizen and as a fair employer has never been tarnished in any corner of the globe where the Caltex banner flies. This is the company’s highest idea, its proudest legacy and its most cherished birthday gift".
Caltex expands and upgrades most of its 14 refineries to meet the needs of the rapidly growing Pacific Rim nations. Capping the list is the $1.7 billion, 130,000-barrel-a-day Star Refinery in Map Ta Phut, Thailand, a leader in design, safety features and pollution controls that will open in 1996.
Oil demand in the Asia-Pacific grows at more than five times the world rate. According to Forbes, “Caltex, Chevron and Texaco are already there”, selling more gasoline, diesel and other refined products in Asia than any other Western company.
The company changes its name to Caltex Corp., dropping ‘Petroleum’ from the name because non-petroleum products are becoming a growing source of revenue.
Caltex moves its headquarters from Dallas to Singapore, underscoring a business and social partnership in a growing region of the world.
Caltex becomes a part of ChevronTexaco Corp.
As energy demand growth strengthens, the company’s operating and efficiency gains pay off in significant earnings improvement.
ChevronTexaco Corp changes its name to Chevron Corporation.
Caltex introduces the technologically advanced and exclusive Techron fuel-cleaning additive to most markets of Asia Pacific and Africa.
Forbes’ describes Caltex as “the jewel in [Chevron’s] crown”. Chevron Corporation is currently one of the world's leading energy companies. With more than 53,000 employees, Chevron subsidiaries conduct business in approximately 180 countries around the world, producing and transporting crude oil and natural gas, refining, marketing and distributing fuels and other energy products.
From a new business in Malaya, to an impressive first-year gross revenue.
The Bahrain refinery’s capacity increases to 115,000 barrels a day.
After the war, Caltex ups its bunkering service.
California Arabian Standard Oil Co. becomes the most prolific oil producer in the world.
Caltex enters into 50-50 partnerships with refineries in Japan.
Caltex enters a joint venture with Nippon Oil Corporation subsidiary Tokyo Tanker Co.
Caltex establishes its own subsidiary, American Overseas Petroleum Ltd, and introduces a new brand.
Caltex builds the Philippines’ first petroleum refinery, the Batangas Refinery.
Constructing Australia’s Kurnell Refinery
Caltex’s operations extend to more than 70 countries.
Socal and The Texas Co. divest Caltex of all its European assets.
From entering a joint venture with Lucky Chemical Goldstar Group to officially changing its name to Caltex Petroleum Corp.
Japan contributes roughly one-third of Caltex’s system-wide sales.
Caltex’s advertising message stresses its multicultural employee base.
Caltex deals on the open market, and becomes a founder signatory of the anti-apartheid Sullivan Principles.
The company opens its first trading office in Singapore.
Caltex purchases Golden Fleece Petroleum.
From purchasing Mobil Oil operations in the Philippines to entering a joint venture in China.
Caltex earns praise from Newsweek, and markets compressed natural gas (CNG) for automotive use.
Caltex operates in 56 countries.
Caltex expands and upgrades its refineries to meet the needs of the growing Pacific Rim nations.
Oil demand in the Asia-Pacific grows at more than five times the world rate.
From a merger with Ampol Ltd, to emphasising on trading, logistics, and the marketing of bunker and aviation fuels and lubricants.
Caltex creates a new corporate and retail identity program with its updated logo, the Delta Star.
The company changes its name to Caltex Corp.
Caltex moves its headquarters from Dallas to Singapore.
Caltex is awarded its first-ever Global Headquarters Award, and adds a second LPG facility in Shantou.
The company’s operating and efficiency gains pay off in significant earnings improvement.
Caltex introduces the technologically advanced and exclusive Techron fuel-cleaning additive.
Chevron Corporation is currently one of the world's leading energy companies.