With more than 90 years in the Philippines, Chevron's investments and operations have made important contributions to developing the country's energy and petroleum industry.
Some of our pioneering achievements include:
- First American oil marketer, in 1917
- First geothermal developer in partnership with the Philippine government, in 1971
- First multinational regional-business-operations support office recognized by the Philippine government, in 1998
- Among the first natural gas developers as part of the Malampaya Deepwater Gas to Power Project Consortium, in 1999
Chevron started working in the Philippines in 1917, when The Texas Co.—later Texaco—began marketing its products through a local distributor. Texaco Philippines was formally established in 1921 and opened an office in Manila.
In 1936, a joint venture between The Texas Co. and Chevron's predecessor Standard Oil Co. of California created Caltex, which then took over marketing operations in the Philippines.
Eleven years later, Caltex converted its Pandacan warehouse depot in Manila into its first distribution terminal in the Philippines.
In 1954, Caltex inaugurated the Batangas Refinery at San Pascual, the first petroleum refinery in the Philippines. In 2003, this refinery was converted into a finished-import terminal, with a storage capacity of at least 2.5 million barrels.
In 1971, Chevron Geothermal Philippines Holdings, Inc., partnered with the Philippine government to pioneer the commercial development of geothermal resources in the Philippines.
Chevron established Chevron Holdings Inc. in 1998.
In 2001, Chevron Malampaya, together with the other members of the project consortium, delivered the country's first commercial gas supplies to two power generation plants. With a total capacity of 2,200 megawatts, the supply meets approximately 30 percent of the country's power needs. Another 500-megawatt gas power plant came on line in 2002.
Economy
The Malampaya deepwater gas-to-power project is a significant source of revenue for the Philippines. It supports the government's economic development programs and provides a reliable source of energy on the main island of Luzon.
Chevron's natural gas and geothermal projects reduce the country's dependence on imported fuel through the use of clean, indigenous and reliable energy. These projects' combined capacity of more than 3,300 megawatts accounts for more than 45 percent of Luzon's power supply needs.
Updated: April 2013
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