Refining
Chevron is a 12.7 percent shareholder in the New Zealand Refining Company Ltd., which operates the Marsden Point Refinery, located in New Zealand's North Island.
The refinery's construction in 1964 was a milestone for New Zealand, reducing the nation's reliance on imported refined product to meet its energy needs. Chevron has a 23 percent share of the refinery's crude processing capacity, which is about 110,000 barrels per day. The refinery operates a pipeline to the Wiri Oil Services Ltd. Terminal in Auckland, New Zealand's largest city. Chevron holds a 16.7 percent share in Wiri Oil Services Ltd.
Shipping
The company is a 25 percent shareholder in Silver Fern Shipping Limited, which operates marine vessels that transport refined fuels to the country's terminals. Chevron operates seven company-owned marine terminals and is a partner in four more.
Marketing and Retail
Throughout New Zealand, consumers are familiar with Chevron's two major brands, Caltex and Challenge.
Under the Caltex brand, 207 service stations serve motorists. Challenge stations number 85. Chevron also operates an extensive network of 139 unstaffed Caltex boat, gasoline and diesel fuel filling stations.
Chevron's worldwide lubricant brands, Delo® and Havoline®, have helped the company establish a leading position in the nation's lubricants business.
Caltex with Techron® has been sold in New Zealand since 2006. Techron is a highly effective additive that works like a detergent to remove and prevent fuel deposits in engines.
Updated: March 2009