Ampol is current holding in our ASX 100 model portfolio.

Caltex has had a name change to Ampol and the new ticker is “ALD”.

The move comes after U.S. oil company Chevron terminated the licensing agreement allowing Caltex Australia to use the Caltex name. Ampol was originally founded as the Australian Motorists Petrol Company in 1936 in an effort to combat unfair petrol prices, later merging with the Australian arm of Caltex in 1995.