Caciulescu sold his 20% stake in Chevron Romania to Chevron Global Energy, registered in the U.S., which thus raised its stake in the Romanian unit from 25% to 45%. The remainder of the stock in Chevron Romania is owned by U.S. Texaco Overseas Holding.
Both Texaco Overseas Holding and Chevron Global Energy are part of American group Chevron, one of the world’s biggest oil companies.
Chevron group has been present on the Romanian market since 1999, when it started selling Texaco lubricants. Chevron also exploits hydrocarbons perimeters in eastern Romania and on the Black Sea coast through another company.
Chevron Romania had a turnover of RON56.1 million and a loss of more than RON670,000 in 2011. in 2010, the company had a turnover of RON51 million and losses of RON1.2 million, according to Finance Ministry data.