Caltex retains a strong balance sheet

AUSTRALIAN refiner and fuel giant Caltex might have slashed capital spending by $50 million and closed its only refinery until fuel demand recovers, but its first quarter report released yesterday shows the company in relatively good health, all things considered.

Caltex retains a strong balance sheet Caltex retains a strong balance sheet Caltex retains a strong balance sheet Caltex retains a strong balance sheet Caltex retains a strong balance sheet

 

Convenience retail was the company's saving grace, as unprecedented impacts from COVID-19 restrictions dried up fuel demand.

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