Original article by Peter Ker
The Australian Financial Review – Page: 17 & 22 : 30-Mar-15

Caltex Australia has indicated that its business strategy will not be affected by US-based Chevron’s sale of its 50 per cent stake for $A4.6bn. Chevron sold its long-standing stake in Caltex at $A34.20 per share, compared with the stock’s closing price of $A37.88 on 27 March 2015. Caltex CFO Simon Hepworth says Chevron’s exit from its share register will enhance the group’s ability to provide shareholders with franking credits

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