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‘Fierce’ competition not a worry, Caltex to give back $260m

Caltex will give back $260 million to shareholders, after a rise in its share price.

The fuel giant released its full-year profit revealing a five per cent increase in share prices.

It comes after a 12 per cent profit loss from the previous year.

Caltex CEO Julian Segal tells Ross Greenwood although there’s competition in the market, it’s not a top priority.

“The competition has always been fierce.

“We’re not trying to lessen the competition, all that we are doing is becoming better at offering more to the customer.”

Click PLAY to listen to the full interview

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