CTX operates two major refineries, at Kurnell in Sydney, and Lytton in Brisbane. CTX also operates a convenience store network in association with service station sites.
CTX has been one of the hot stocks in recent months, surging from around $9 in July to be now trading around $14.40.
On 9 November, CTX announced that it expects FY10 underlying profit to fall by 7% due to a strong Aussie dollar and a maintenance-related shutdown at one of its refineries.
CTX expects operating profit (which excluded the impact of oil price volatility) to be between $285 million and $295 million, compared to last year’s $203 million.
The stronger Aussie dollar was expected to wipe $65 million from Caltex’s refinery margins from 2009.
CTX declined 0.6% following that day’s profit warning.