Who is Z Energy owned by?

Who is Z Energy owned by?

It comprises some of the former assets of Shell New Zealand and Chevron New Zealand. Since mid-August 2013, it has been listed on the NZX with the code ZEL. The largest shareholders were Infratil and the New Zealand Superannuation Fund, each with 20%….Z Energy.

Trade name Z
Website z.co.nz

Is Z Energy a good investment?

PE vs Industry: ZEL is good value based on its PE Ratio (9.3x) compared to the Oceanic Oil and Gas industry average (10.6x). PE vs Market: ZEL is good value based on its PE Ratio (9.3x) compared to the NZ market (17x).

Has Z been sold?

The Commerce Commission has cleared Ampol’s planned purchase of Z Energy. Australian petrol company Ampol has been given the green light by the Commerce Commission to buy Z Energy for just under $2 billion.

Is Z owned by Caltex?

These days, New Zealand’s Caltex brand is operated by Z Energy Ltd under licence from Chevron International. On 1 June 2016, Chevron New Zealand, who operated the Caltex brand in New Zealand, was acquired by Z Energy Ltd, marking the growth of the country’s only Kiwi transport fuel company.

Is Z Energy a franchise?

All the Caltex service stations are operated by franchisees, along with 7 of the truck sites. Z Energy operates via 23 licensed retailers, each of whom operates a cluster of between 7 and 16 sites each. The deal is expected to take some months to conclude.

Who is Ampol owned by?

1988 In 1988, Pioneer International acquired full ownership of Ampol. The following year, Pioneer purchased Solo Oil Limited, the largest independent retailer and distributor in Australia at that time.

Is Z Energy paying a dividend?

Does Z Energy pay a dividend and when are dividends paid? Yes. Find out more about Z Energy’s Dividend Policy and dividend history here. Dividend payments are expected to be split into an interim dividend paid in December following our half-year results and a final dividend paid in June following our full year results.

Why are Z Energy shares falling?

Shares in Z Energy dropped by 8.7 per cent in the opening minutes of trade after the fuel company cut its earnings guidance by $60 million, citing “unprecedented” discounting and weaker than expected margins at the Marsden Point refinery.

Is Z Energy NZ owned?

Z Energy now owns and manages: a 15.4 per cent stake in Refining NZ which runs New Zealand’s only oil refinery.

Why did Shell become Z?

“The Z brand will provide a visual point of difference and customers will know they’re supporting a Kiwi company.” Bennetts said being a Kiwi company was not enough and while the new name and new look would be the most obvious change, Z was aiming to improve service and food and beverages at stations.

Is Ampol still Australian owned?

Ampol Is Back In 2020 The Australian Motorists Petrol Company, which later became Ampol, was founded in 1936 and has been part of Australia’s DNA since then. Ampol has also been part of the ethos of Caltex Australia since the two companies merged in 1995.

What does Z Energy do?

Z Energy supplies 210 branded service stations and commercial, aviation, marine, chemical and bitumen clients. The company also manufactures surfactant chemicals operates coastal oil tankers, tank farm terminals and a mobile refueller. Z Energy acquired a stake in this joint venture established in March 1999 by Mobil, BP Oil, and Shell NZ.

Is Z Energy owned by Shell?

The former Shell operations were rebranded as Z Energy in 2011. Shell exited the fuel distribution market in New Zealand in 2010. Shell and its assets including a 17.1% stake in listed Refining NZ were acquired by Infratil and the New Zealand Super for $891 million.

What is Z business?

Introducing Z Business, the new fuel card programme designed to help your business go even further. Save, Stack and Earn with Pumped Save on fuel now, stack on discount for later, plus earn Flybuys or Airpoints Dollars™.

Why does Z Energy own 50% of the New Zealand Refining Company?

Currently Z Energy and BP hold a 50% stake each. Z is considered to have significant influence over its investment in The New Zealand Refining Company (Refining NZ) due to the fact that it has representation on the Board of Directors and therefore has equity accounted this investment.

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