Viva Energy
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Owned |
AUS |
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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.
Company Ownership
Viva Energy Group Ltd | AUS | website | ||||
Vitol Holding BV ![]() owns 45% of Viva Energy Group Ltd |
SWI | website | ||||
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. |
Company Assessment
PRAISE | CRITICISM | INFORMATION | ||
Viva Energy Group Ltd | ||||
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 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)
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) |
Company Details
Type | Public company |
Employees | 1,200 (2018) |
Subsidiaries | Viva Energy Australia Pty Ltd ![]() 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. Announced plans in Sept 2022 to buy Coles' convenience store network. - 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
Address | Level 16, 720 Bourke St, Docklands, VIC, 3008, Australia |
investors@vivaenergy.com.au | |
Website | investor.vivaenergy.com.au |
Products / Brands
Viva Energy AustraliaLiberty Oil (50% owned)
Liberty Fuel & Convenience Stores
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