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Caltex Petroleum Australia

 

Caltex Petroleum Australia shares

CALTEX PETROLEUM AUSTRALIA (CTX) Shares

ABOUT CALTEX PETROLEUM AUSTRALIA

Caltex Petroleum Australia Pty. Ltd was formed in 2015, when Chevron sold down its 50% holding to Australian shareholders.

Its parent company has a history dating back to 1936 when it was first established as the California Texas Oil Company, a joint venture between the Texas Company (later named Texaco) and Standard Oil of California.

Today, Caltex Petroleum Australia Pty. Ltd operates the largest oil company retail network in Australia.

OVERVIEW OF CALTEX PETROLEUM AUSTRALIA

  • Caltex Petroleum Australia operates a diverse product and services portfolio. Its business services include bulk deliveries of reliable supply directly to customer site tanks as well as on-site refuelling. The Caltex National Truck Network (NTN) has over 240 dedicated truck sites in Australia specifically designed to deliver tangible fuel savings, drive down operating costs and improve fleet efficiency.

  • The company is also the largest independent physical fuel supplier in Australia with one refinery and three lubricant blending plants.

  • The company’s lubricant range includes engine oils, driveline fluids, automotive specialties, coolants, specialty lubricants, hydraulic oils, industrial products, greases and cleaners. At the core of Caltex Lubricants is its Lytton Lubricants Manufacturing Facility in Brisbane, Queensland.

  • The company also has long-term relationships with many of the country’s largest and most productive mining and quarrying companies, as well as many successful transport companies

VISION & VALUES OF CALTEX PETROLEUM AUSTRALIA

  • Caltex Petroleum Australia‘s values are pillared on the following key objectives:

    • Connect to win
    Collaborate and unite diverse ideas to reach commercial goals.
    • Find new ways
    Test big and small ideas to learn and lead change.
    • Own it
    Be accountable, take considered risks and be courageous enough to call it.
    • Make a difference for customers
    Remain responsive to customer sentiment
    • Never stop caring
    Act with integrity, constantly challenge employees to be better and always be safe.

  • Added to this, the company also works to ensure greater inclusion of the indigenous community in its employment base, while promoting gender equality in the workplace. As such, the company has a negligible gender pay differential of less than 1% on a like-for-like basis and significant progress has been made towards its goal of increasing the number of female senior leaders across the organisation.

  • As part of its commitment to increasing the representation of women in senior positions, the company provides development and promotion opportunities.

  • By monitoring key gender metrics and developing innovative initiatives such as its BabyCare package, the company works to continuously build the capability of its leaders to ensure it remains in line with these values.

MARKET PERFORMANCE OF CALTEX PETROLEUM AUSTRALIA

  • Caltex Petroleum Australia Pty. Ltd trades on the Australian Securities Exchange (ASX), where investors can buy shares under the stock symbol -CTX.

  • Data from the company’s 2019 interim financial analysis shows fully franked dividends of 32 cents per share for the first half of 2019, which represents a payout of 59%. Replacement cost of sales operating profit was at US Dollar 135 million, towards the top end of the guidance range.

  • As a result of operating in a difficult economic climate, the company is taking steps to reduce its cost base. The company has also identified 500 new sites that will deliver strong returns and growth from an enhanced convenience offer and disciplined action, as well as 50 sites marked for divestment due to their higher and better alternative use.

  • Despite a recent slump in the fuel industry, the company has laid out a strong strategy of growth, which is set to provide a stable share price and a good long-term buy-in for investors who choose to purchase shares.

Buy CALTEX PETROLEUM AUSTRALIA stocks / shares – A Step by Step Guide how to Buy / Purchase CALTEX PETROLEUM AUSTRALIA Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy CALTEX PETROLEUM AUSTRALIA Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN CALTEX PETROLEUM AUSTRALIA STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE CALTEX PETROLEUM AUSTRALIA STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of CALTEX PETROLEUM AUSTRALIA stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy CALTEX PETROLEUM AUSTRALIA stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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