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International Oil Company Downstream

GS Caltex

Seoul, South Korea · Established 1967 · Profile updated July 1, 2026

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Auditor Executive Assessment

Prepared by the Asian Oil Intelligence Desk · Institutional due-diligence memorandum

GS Caltex Corporation is a 50/50 joint venture between GS Group and Chevron, operating the 800 kbpd Yeosu refinery — one of Asia's largest — and 2,500+ retail stations. Petrochemical integration via aromatics and lubricants base oils. FY2024 revenue approximated $38 billion with net income near $1.8 billion. Yeosu refinery complexity and coastal location support export-oriented product marketing. Chevron technology access enhances refining operations. Unlisted company with limited public discl...

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