Hydro Texaco
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YX Energi, formerly known as Hydro Texaco, is a Norwegian and Danish
gas station A filling station (also known as a gas station [] or petrol station []) is a facility that sells fuel and engine lubricants for motor vehicles. The most common fuels sold are gasoline (or petrol) and diesel fuel. Fuel dispensers are used to ...
chain formed after the merge of the
Hydro Hydro (from ) may refer to: Energy technologies * Water-derived power or energy: ** Hydropower, derived from water ** Hydroelectricity, in electrical form * "Hydro", AC mains electricity in parts of Canada * Micro hydro, a type of hydroelect ...
and
Texaco Texaco, Inc. ("The Texas Company") is an American Petroleum, oil brand owned and operated by Chevron Corporation. Its flagship product is its Gasoline, fuel "Texaco with Techron". It also owned the Havoline motor oil brand. Texaco was an Independ ...
gas station chains in 1995. In 2006 the company was bought by
Reitangruppen Reitan AS, formerly known as Reitangruppen (Reitan Group), is a Norwegian conglomerate comprising three business areas: Reitan Retail, Reitan Eiendom (Reitan Real Estate) and Reitan Kapital. Reitan's head office is at Lade Gaard in Trondheim ...
and incorporated into their chain including the implementation of
7-Eleven 7-Eleven, Inc. is an American convenience store chain, headquartered in Irving, Texas. It is a wholly owned subsidiary of Seven-Eleven Japan, which in turn is owned by the retail holdings company Seven & I Holdings. The chain was founde ...
brand on the service stations.
Uno-X Uno-X is a chain of unmanned fuel stations throughout Norway and Denmark. It is operated as the low-cost section of YX Energi. The chain was originally created as a low cost chain in Denmark in the late 1950s. The rights to use the name in Swed ...
and Rema Bensin are low-cost brand names of YX.


Operations

YX operates 750 gas stations in Norway and Denmark, including the low price brands Uno-X and Rema Bensin. In addition the chain has DieselService stations for truck
diesel Diesel may refer to: * Diesel engine, an internal combustion engine where ignition is caused by compression * Diesel fuel, a liquid fuel used in diesel engines * Diesel locomotive, a railway locomotive in which the prime mover is a diesel engine ...
. Hydro Texaco operates in addition a service for household paraffin distribution. Hydro Texaco has about a 20% market share in automotive fuels in Norway.


History

Hydro Texaco was a result of a merger between the Hydro and Texaco gas station chains in Norway and Denmark on January 1, 1995, with Norsk Hydro and Texaco each owning 50%. The Hydro chain had been created in the early 1990s when
Norsk Hydro Norsk Hydro ASA (often referred to as just ''Hydro'') is a Norway, Norwegian aluminium and renewable energy company, headquartered in Oslo. It is one of the largest aluminium companies worldwide. It has operations in some 50 countries around th ...
acquired the
Mobil Mobil Oil Corporation, now known as just Mobil, is a petroleum brand owned and operated by American oil and gas corporation ExxonMobil, formerly known as Exxon, which took its current name after history of ExxonMobil#merger, it and Mobil merge ...
gas stations in Norway and
Sweden Sweden, formally the Kingdom of Sweden, is a Nordic countries, Nordic country located on the Scandinavian Peninsula in Northern Europe. It borders Norway to the west and north, and Finland to the east. At , Sweden is the largest Nordic count ...
and the operations of Uno-X in Denmark. In the mid of 1990s Hydro Texaco started business in the
Baltic countries The Baltic states or the Baltic countries is a geopolitical term encompassing Estonia, Latvia, and Lithuania. All three countries are members of NATO, the European Union, the Eurozone, and the OECD. The three sovereign states on the eastern co ...
under brands of Hydro Texaco and later Uno-X. Texaco's ownership in Hydro Texaco was transferred to
Chevron Chevron (often relating to V-shaped patterns) may refer to: Science and technology * Chevron (aerospace), sawtooth patterns on some jet engines * Chevron (anatomy), a bone * '' Eulithis testata'', a moth * Chevron (geology), a fold in rock la ...
as a result of the two companies
merger Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorpt ...
in 2001. In 2003 Hydro Texaco took over the operations of 35 Rema Bensin in Norway from Reitangruppen and changed them to the brand Uno YX. The chain was acquired by the Norwegian Reitangruppen in 2006. The gas stations chain in the Baltic countries was bought by
Estonia Estonia, officially the Republic of Estonia, is a country in Northern Europe. It is bordered to the north by the Gulf of Finland across from Finland, to the west by the Baltic Sea across from Sweden, to the south by Latvia, and to the east by Ru ...
n company
Alexela Oil AS Alexela (''formerly known as Reola Gaas and Alexela Energia AS'') is an Estonian company primarily engaged in the energy sector. Alexela's product portfolio includes electricity, natural gas, cylinder gas, tank gas, and automotive fuels. The c ...
. From October 1, 2006 the chains were owned by Reitangruppen, who rebranded to YX. At the same time
Coop NKL Coop Norge is a Norwegian cooperative. It is owned by 117 local cooperatives with approximately 2 million members. The company has its headquarters in Oslo. History The first cooperative store in Norway was opened in the 1850s and, on 27 June ...
announced that it would withdraw the membership bonus on YX stations, due to
REMA 1000 REMA 1000 (Bokmål: Rema tusen) is a Norwegian multinational no-frills soft-discount grocery chain owned entirely by REITAN. REMA is a short for ' (Reitan Food), referring to Odd Reitan (founder of the company). ''1000'' refers to offering a ...
, also owned by Reitangruppen, being a major competitor to Coop's stores. In 2007 an agreement was made between Reitan and Shell, converting 91 Norwegian and 63 Danish YX outlets to Shell with 7-eleven stores, still owned and operated by Reitan. It has been announced that the remaining YX outlets in Denmark will be converted to Uno-X, some will still have a convenience store attached but apparently in the future with no possibility of paying for petrol in the store. As of 1 January 2009 there's 69 YX outlets and 250 Uno-X outlets in Denmark with apparently only one more to be rebranded 'Shell'. As Shell at the same time rebranded their unmanned Metax gas-stations 'Shell Express', 12 poorly performing outlets were switched the other way to Uno-X.


References


External links


YX Norwegian web site

YX Danish web site

Reitangruppen web site
Automotive fuel retailers Retail companies of Norway Retail companies of Denmark Norsk Hydro Texaco {{Norway-company-stub