1960s

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    1960s

    1961

    Together with Nippon Oil Corporation, we launch our first supertanker, Nikko Maru, and the world’s largest tanker at that time, Tokyo Maru.

    1966

    Our product sales increase more than 10 per cent a year as we extend our operations to more than 70 countries around the world.

    Japan leads the demand, buying 11 million barrels of our products.

    1967

    Socal and Texaco Inc. divest Caltex of all its European assets.

    When Texaco decides to extend its interests in the Western hemisphere, it reduces the size of Caltex’s global operations but leaves us even more focused on the area east of Suez – where we have the most experience, cultivated relationships and profitable operations.

    1968

    We officially change our name from California Texas Oil Corp. to Caltex Petroleum Corp.

    Throughout its marketing area, the company had always been identified with the name ‘Caltex’ in the mind of consumers.

    1968

    We announce a joint venture with South Korea’s Lucky Chemical Goldstar Group.

    To begin our journey in South Korea, we enter a joint venture with Lucky Chemical Goldstar Group to form the Honam Oil Refinery Co. Ltd., which constructs Yosa Refinery, the nation’s second refinery at Yosu. Together, we go on to operate a network of 200 service stations, gaining 30 per cent market share.