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Historical Milestones


Caltex Australia has operated in Australia since 1941 with roots dating back to 1900 when R W Cameron Co began marketing Texaco products. In May 1995 the petroleum refining and marketing assets of Caltex Australia and Ampol Limited were merged and subsequently the Caltex Australia shareholders approved the acquisition of the whole of that joint venture in December 1997.


Year Caltex A natural fit Ampol
1900      
  R W Cameron Co began operating as Australian agent for The Texas Company (now Texaco Inc)    
1918      
  The Texas Company Australasia Limited was incorporated in NSW    
1936      
  The Texas Company and Standard Oil of California (now Chevron Corporation) formed the California Texas Oil Company (renamed Caltex Petroleum Corporation in 1968) in a joint venture to market oil from newly gained concessions in Saudi Arabia   Australian Motorists Petrol Company incorporated by WG Walkley
1940      
    The Australian Motorists Petrol Company began buying crude oil from Caltex's Bahrain fields  
1941      
  Caltex name first used in Australia Caltex split star logo, in use 1941-1997  
1945      
      Alba Petroleum Company of Australia (established by PJ Adams and AG Wales in 1933) incorporated into Australian Motorists Petrol Company
1948      
      Listed on the Australian Stock Exchange
1949      
  Ampol logo   Name change to Ampol Petroleum Limited
1952      
    Ampol and US-based Caltex Petroleum Corporation established West Australia Petroleum Pty Ltd (WAPET)  
1953      
    At the height of the 'Solo marketing battle' Caltex Petroleum Corporation financed loans to Ampol, Caltex and Golden Fleece to build new, single-brand stations in order to maintain the market share of Australian companies buying its crude oil Golden Fleece logo
1955      
  Caltex's Kurnell Refinery, Sydney, completed; it came on stream in 1956    
1964      
    Caltex, Ampol and the Golden Fleece parent company combined to build Australia's first lube oil plant at Kurnell, called Australian Lubricating Oil Refinery (now Caltex Lubricating Oil Refinery)  
1965      
      Lytton refinery, Brisbane, came on stream
1979      
      Pioneer International Limited acquired 20% of Ampol
1981      
  Caltex acquired the Golden Fleece Company (established by HC Sleigh in 1913); Caltex Australia floated 25% of its shares to the Australian public    
1982      
  Sydney-Newcastle petroleum products pipeline network commissioned Total sign Ampol acquired the refining and marketing assets of Total Australia Limited; became Ampol Limited
1989      
      Ampol delisted after a successful takeover offer by Pioneer
1990      
      Ampol acquired Solo Oil Limited, the largest independent retailer and distributor in Australia
1995      
    May - Caltex and Ampol merged their petroleum refining and marketing assets to form Australian Petroleum Pty Ltd owned equally by Caltex Australia Limited and Pioneer International Limited  
1997      
  Caltex Delta logo December - Caltex Australia Limited acquired full ownership of Australian Petroleum Pty Ltd. Fifty percent of the shares in Caltex Australia Limited are held by Chevron Global Energy Inc and the balance by more than 20,000 shareholders  


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