Ampol Ltd (ASX: ALD) Share Price and News

Ampol Ltd (ALD) is the only Australian fuel and convenience brand listed on the ASX. The company has been known as Caltex Australia Limited (CTX) for the last 20 years years, prior to which it traded under its original Ampol name. In December 2019, United States oil giant, Chevron Corporation, terminated the Australian company’s license to use the Caltex name, hence the requirement for a rebrand. The company’s change of name from Caltex to Ampol Limited was officially approved by shareholders on 14 May 2020 and updated with its new ticker code on the ASX on 19 May. The rebranding of the company’s outlets using the new Ampol logo will commence in June and be rolled out over three years.

Ampol is Australia’s number one transport fuels company and operates across two key divisions: Fuels & Infrastructure and Convenience Retail. With this, Ampol has the largest finished product import terminals in both Australia and New Zealand, a refinery in Queensland, nearly 100 bulk fuel storage and distribution hubs, 800 company-controlled retail stores and over 300km of fuel pipelines. Ampol is also part of an alliance with Woolworths Group Ltd (ASX: WOW), through which there are currently over 700 Caltex Woolworths co-branded locations across the country.

Ampol’s roots track all the way back to 1900 and the company has been listed on the ASX in its current form since 1980. In the decades since, Ampol shares have grown to become part of the S&P/ASX 200 Index (ASX: XJO) and the company has been subject to various takeover bids along the way.