In December 2019, Caltex Australia announced that Chevron had given notice to terminate the trademark licence agreement for the use of the Caltex brand in Australia. Caltex Australia subsequently proposed to rebrand itself back as Ampol, which was approved by more than 99% of shareholders during the annual general meeting on 14 May 2020. Caltex Australia cited continued high recognition and regard for the Ampol brand, and the move is expected to save the company $20 million per year in licensing fees to Chevron.