Viva Energy Australia

OVERALL
Owned	AUS
Rating

Oil refiner and fuels supplier

Formed in August 2014 when a consortium led by Vitol acquired Shell's downstream business in Australia (including the Geelong refinery and Shell service stations) for $2.6b. Viva Energy supplies around 25% of Australia's fuel and is the exclusive licensee and distributor of Shell branded fuels and lubricants in Australia. Operates more than 900 service stations across the country. Owns 100% of Liberty Oil's wholesale business and 50% of its retail business. Bought the OTR and Coles Express convenience store networks in 2023. OTR will become Viva Energy's flagship convenience brand, replacing the Coles Express brand over time.

Company Ownership

Viva Energy Australia Pty Ltd	AUS	website	email		twitter
Viva Energy Group Ltd       owns 100% of Viva Energy Australia Pty Ltd	AUS	website	email
Energy Operates a retail network under the Shell and Viva Energy brands, plus an oil refinery in Geelong. Listed on the ASX in 2018, with Vitol retaining 45% ownership.
Vitol Holding BV           owns 45% of Viva Energy Group Ltd	SWI	website	email		twitter
Energy and commodities trader Founded in 1966 in Rotterdam. Involved in oil refining, trading, shipping, storage, exploration and production, marketing and power generation. It has 40 offices around the world and trades over seven million barrels of crude oil and products a day, controlling about 6.5% of the world oil market in 2016. In 1990, the Dutch owner and seven other partners sold the company to 40 employees including Ian Taylor, the current CEO, with no one owning more than 5%. It is Dutch registered, Geneva headquartered and decision making is made in London.

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Company Assessment

PRAISE	CRITICISM	INFORMATION
Viva Energy Australia Pty Ltd
		Fined for uncontrolled discharge In June 2017 the NSW Environment Protection Authority (EPA) fined this company $15,000 after pumping equipment used to apply a soil binding agent was washed out on site causing waste water to flow into Duck River, Rosehill. Source: EPA (2017) APCO member Australian Packaging Covenant Organisation (APCO) is a not-for-profit organisation leading the development of a circular economy for packaging in Australia. Each year, APCO Members are required to submit an APCO Annual Report and Action Plan, which includes an overall performance level from 1 (Getting Started) to 5 (Beyond Best Practice). This company received a packaging performance level of 2 (Good Progress) in its 2023 APCO Annual Report. Source: APCO (2023) Employer of Choice for Gender Equality This company is listed by the Workplace Gender Equality Agency (WGEA) as a Employer of Choice for Gender Equality citation holder. The citation is designed to encourage, recognise and promote active commitment to achieving gender equality in Australian workplaces. Source: WGEA (2022) Sustainability claims This company has sustainability claims on its website under the headings Diversity and Inclusion, Community, Health and Safety, Environment, Climate change and Human Rights. Source: company website (2023)
Viva Energy Group Ltd
	Part owned by Vitol, which has criticisms This company is 45% owned by Vitol, which has numerous criticisms and an overall Shop Ethical rating of 'F'. Source: Shop Ethical (2019)	Modern Slavery disclosure quality Modern slavery disclosure is a critical step in mitigating the risk associated with modern slavery practices in companies' operations and supply chains. The quality of the disclosure signals the level of commitments and efforts that the companies have put in managing these risks. In 2021 the Monash Centre for Financial Studies analysed and ranked the disclosure quality of the modern slavery statements submitted by the 300 largest listed companies on the Australian Stock Exchange (ASX300). This company's modern slavery disclosure statement received a grade of D. Source: Monash University (2021) 53/100 S&P Global ESG Score This company received an S&P Global ESG Score of 53/100 in the Oil & Gas - Refining & Marketing category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 23 Sep 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices. Source: S&P Global (2022) 22.7% in Oil and Gas Benchmark The 2023 Oil and Gas Benchmark ranks 100 oil and gas companies on their climate strategy and performance together with social performance. This company ranked #20/100, with a total score of 22.7/100. Source: World Benchmarking Alliance (2023)

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Company Details

Type	Wholly-owned subsidiary
Employees	1,300 (2016)
Subsidiaries	Eureka Operations Pty Ltd  Fuel & convenience stores operator There are more than 700 Coles Express stores located across Australia. Coles Express operates the retail side of the business and Viva Energy is their exclusive fuel supplier. In 2023 Viva Energy bought the Coles Express convenience store network and announced plans to retire the Coles Express brand and rebranded them to OTR. Liberty Oil Corporation Pty Ltd (50% owned)  Fuel wholesaler Founded in 1995. Australia's largest independent fuel wholesaler and distributor. Supplies wholesale fuel to over 100 independent retailers and distributors. They buy fuel from a range of refineries, mostly Australian. Viva Energy Australia owns 100% of Liberty Oil's wholesale business and 50% of its retail business.

Contact Details

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