Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Corporate Name Change For Caltex

17 May 2006

Corporate Name Change For Caltex

Caltex New Zealand Limited today announced a change of corporate name to Chevron New Zealand, bringing it into alignment with its global parent, Chevron Corporation.

Chevron Corporation is one of the world’s largest integrated energy companies, with annual sales of $193 billion and assets of $125 billion. It employs 53,000 people in 180 countries. Formerly named ChevronTexaco, the corporation changed its global name in May 2005, saying the change presented “a clear, strong and unified presence for the company across the globe”.

Chevron New Zealand will not be a limited liability entity; liability will extend through a holding company in Singapore and ultimately to the multi-billion dollar global corporation, as part of an internal business restructure. In all other respects, existing relationships and contracts with business partners in New Zealand will not be affected.

Chevron New Zealand Country Chairman Nick Hannan said the company’s well-known retail brands will be retained.

“While our corporate name is changing, our well-known retail brand names will remain the same. We will continue to support our retail business through our powerful and respected retail brands Caltex and StarMart. We will also retain our broad portfolio of product and lubricant brands such as Havoline and Delo,” he said.

As part of the name change, Chevron New Zealand is changing its corporate logo to more clearly convey that it is a contemporary and forward-looking company. The new Chevron Hallmark, consisting of the Chevron name and bold blue and red colours of the band, replaces the Caltex New Zealand Limited workmark, but not the Caltex product brand.

The new corporate brand represents a fully integrated energy company with presence in markets around the world and at every stage of the value-chain.

“We will continue to offer, under the Caltex, StarMart and our respected suite of lubricants brands, the highest quality products and services to meet and exceed customer expectations, with the vision of being number one in the hearts and minds of our customers,” said Nick Hannan.

“This latest enhancement to our country presence will identify us as part of one of the largest integrated energy companies in the world and take us a further step towards our vision to be the global energy company most admired for our people, partnership and performance.”


© Scoop Media

Business Headlines | Sci-Tech Headlines


Industry Report: Growing Interactive Sector Wants Screen Grants

Introducing a coordinated plan that invests in emerging talent and allows interactive media to access existing screen industry programmes would create hundreds of hi-tech and creative industry jobs. More>>


Ground Rules: Government Moves To Protect Best Growing Land

“Continuing to grow food in the volumes and quality we have come to expect depends on the availability of land and the quality of the soil. Once productive land is built on, we can’t use it for food production, which is why we need to act now.” More>>


Royal Society: Calls For Overhaul Of Gene-Technology Regulations

An expert panel considering the implications of new technologies that allow much more controlled and precise ‘editing’ of genes, has concluded it’s time for an overhaul of the regulations and that there’s an urgent need for wide discussion and debate about gene editing... More>>


Retail: Card Spending Dips In July

Seasonally-adjusted electronic card spending dipped in July by 0.1 percent after being flat in June, according to Stats NZ. Economists had expected a 0.5 percent lift, according to the median in a Bloomberg poll. More>>


Product Stewardship: Govt Takes More Action To Reduce Waste

The Government is proposing a new way to deal with environmentally harmful products before they become waste, including plastic packing and bottles, as part of a wider plan to reduce the amount of rubbish ending up in landfills. More>>


Earnings Update: Fonterra Sees Up To $675m Loss On Writedowns

“While the Co-op’s FY19 underlying earnings range is within the current guidance of 10-15 cents per share, when you take into consideration these likely write-downs, we expect to make a reported loss of $590-675 million this year, which is a 37 to 42 cent loss per share." More>>