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Caltex eyes BP's diesel hold on WA

Posted on: Thu, 12 Nov 2009 17:16:00 EST

Symbols: CTXAF

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Nov 12, 2009 (The Australian Financial Review - ABIX via COMTEX) --
CTXAF | Quote | Chart | News | PowerRating -- Petroleum refiner and retailer Caltex is facing tough trading conditions due to the appreciating Australian currency and higher crude oil charges. In response, new CEO Julian Segal aims to diversify into LNG production and biofuels. The company could also attempt to gain market share in the Western Australian diesel segment from dominant force BP.

Publication Date: 13 November 2009

CALTEX AUSTRALIA LIMITED - ASX CTX
BP AUSTRALIA LIMITED
MOBIL OIL AUSTRALIA LIMITED
AUSTRALIAN COMPETITION AND CONSUMER COMMISSION
INCITEC PIVOT LIMITED - ASX IPL

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