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Chevron announces expansion plans in Philippines

Chevron announces expansion plans in Philippines
Photo courtesy of Caltex Philippines.

Chevron Philippines Inc. (CPI) will add 32 Caltex-branded service stations this year. Chevron currently has 700 Caltex-branded service stations in the Philippines. Chevron is the third largest oil player in the Philippines, after Petron and Shell, with a 15% market share.

“We are going to add about 30 service stations in 2016. That’s right across the country, evenly spread across the country, a few here in Metro Manila, there’s certainly quite a few in growth areas like Mindanao and provincial areas in the Visayas,” CPI Country Chairman Peter Morris said during the launch of the all-new Platinum Techron fuel product.

Chevron Philippines also operates five oil depots and eight additional depots that are operated in a joint agreement with Shell.

“Our major facility is in Batangas, just south of Metro Manila, but we have other key facilities in Sasa in Mindanao, in Cebu, San Fernando up north and some other locations across the country in which we continue to invest heavily just to ensure they can cope with growing needs, fuel volume, but also improved standards — safety and operating,” he said.

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