Understanding the share price

Our company share price quoted in these pages is the current trading price (with a 15/20-minute delay). This gives an indication of the buying and selling prices for our shares at Caltex, although it may not reflect the exact price you are quoted if you ask your stockbroker to buy or sell shares for you. Similarly, the price you see quoted in the national newspapers will reflect trading prices at the end of the previous day.

A company's share price is the price at which people buy and sell its shares. So, at Caltex, we have no direct influence over the day-to-day share price. However, the strategy and performance of our company is something that our shareholders or potential investors will take into account, especially when results are announced or statements are issued by our Directors. To these can be added outside influences, such as the state of the economy or political, regional developments.