highlights of operations
Chevron is one of the largest investors in the Philippines.
We market Caltex® fuels, lubricants and other petroleum products. Our network of service stations, terminals and sales offices forms the backbone of our presence in the Philippines.
Chevron also has geothermal operations in the Philippines. Through a joint venture, we operate steam fields that use heat from the earth to provide power to plants that serve key population centers in the country. Our innovations have helped make the Philippines the second-largest producer of geothermal energy in the world, after the United States.
Chevron holds an interest in the Malampaya gas-to-power project, the first natural gas development and largest industrial project in the Philippines.
From the Philippines, we provide operational support for Chevron offices on five continents. The workforce supplies transactional, processing and consulting services in areas ranging from finance to information technology.
Chevron operates through five subsidiaries in the Philippines. Our Upstream companies are Chevron Malampaya LLC, Chevron Geothermal Services Company and Chevron Kalinga Ltd. Our Downstream company is Chevron Philippines Inc. We also operate a business processes support organization through Chevron Holdings Inc.
exploration and production
The Malampaya gas-to-power project opened the door to the natural gas industry in the Philippines. The Malampaya natural gas field lies about 50 miles (80 km) northwest of the Philippine island of Palawan. Chevron holds a 45 percent nonoperated working interest in the field. In 2016, net daily production averaged 138 million cubic feet of natural gas and 3,000 barrels of condensate.
Produced from fields at water depths of about 2,800 feet (853 m), the gas is transported 314 miles (505 km) through subsea pipelines from an offshore platform to the Batangas onshore natural gas plant on the main island of Luzon. Once treated, the gas is transported via overland pipelines to three power plants designed to generate a total of 2,700 megawatts of power. The Malampaya Phase 2 Project was completed in 2015. The infill wells and compression facilities have maintained production and delivered contracted volumes to customers.
Chevron has a 40 percent interest in Philippine Geothermal Production Company, Inc. (PGPC). PGPC develops and produces steam energy for the third-party-owned and -operated Tiwi and Mak-Ban geothermal power plants in southern Luzon. They have a combined generating capacity of 692 megawatts.
Chevron also has an interest in the Kalinga geothermal prospect area in northern Luzon.
In December 2016, the company signed an agreement for the sale of its geothermal assets in the Philippines. This transaction is expected to close in 2017.
marketing and retail
Chevron has nearly 700 Caltex® service stations in the Philippines. We sell a range of petroleum products, including Caltex with Techron® gasoline, Caltex Diesel with Techron D™, kerosene, lubricants and fuel additives.
Chevron has 20 supply facilities in the Philippines, including major terminals and depots. Our import terminal in San Pascual, Batangas, forms the hub of our transportation and supply operations in the Philippines. Chevron also provides jet fuel for airlines at Ninoy Aquino International Airport.
Through distributors and Caltex stations, Chevron markets Havoline® engine lubricants and coolants for passenger cars and motorcycles. Techron® Concentrate Plus fuel additives, Delo® diesel engine oils, greases and other lubricating oils are also sold to consumers and commercial customers.
Chevron Holdings Inc. provides office support for various Chevron companies around the world. Areas of support include finance and accounting, human resources, information technology, customer relations, and procurement. The company provides services to Chevron entities in Africa, the Asia-Pacific region, Australia, Europe and North America.
in the community
Chevron works to improve the social and economic well-being of communities where we operate. We support programs focused on basic human needs, education and training, business development, and the environment.
Chevron’s companies in the Philippines donate funds to various disaster relief efforts in the country. Our employees and contractors also contribute their own time and money to disaster relief.
In 2013, immediately following Typhoon Haiyan, Chevron donated $1.5 million to the American Red Cross to rehabilitate affected areas. Our subsidiaries, affiliates and employees in the Philippines made additional donations to the Philippine Red Cross totaling approximately $70,000. In December 2016, we provided fuel support to the Philippine Red Cross for disaster relief operations in the aftermath of Typhoon Nina.
In 2012, we launched Metro Weather, a public-private partnership that created a network of 30 automated weather station (AWS) units in Metro Manila. They provide free, real-time weather data to help people prepare for severe weather conditions, such as tropical cyclones and severe flooding. Chevron provided the financial, technical and infrastructure resources by hosting the AWS units at select Caltex stations.
education and training
At Chevron, we believe that education is an important factor in the economic growth and well-being of the communities where we operate.
Energy for Learning® is a long-term initiative by Chevron and our Caltex® retail brand that aims to expose people to new information, new skills and different ways of thinking. In partnership with local communities, governments and nonprofit groups, Chevron provides school supplies and refurbishes libraries and other school facilities.
The Caltex Fuel Your School program was launched in the Philippines in 2015. The program was honored with awards from the American Chamber Foundation of the Philippines and from the Public Relations Society of the Philippines. An estimated 600 teachers, 3,000 10th-grade students and 102,200 students from succeeding levels in Metro Manila’s and Davao City’s highest-need public schools have benefited from the program. Other educational programs we support include:
- Scholarships for 700 gifted high school and college students in need
- The Malampaya Foundation Inc., which provides 70 college scholarships and 950 vocational scholarships
- The Brigada Eskwela (School Brigade), a repair and cleaning program of the Department of Education that serves various public schools in the Philippines
Caltex also partners with various nonprofit groups to create skills training programs that offer job placement to trainees within six months to one year after they earn their certification. We work with the Don Bosco Pugad Foundation, which started the Manna From Heaven bakery and bakeshop training program, as well as its spinoff project, the Coffee & Saints Café, which teaches boys culinary and restaurant management skills. Our latest partnership resulted in Caltex-Pugad Mobile Mechanics, a service that brings skilled mechanics right to customers.
In the Philippines, Chevron supports programs that assist small businesses and offer training in agriculture, fisheries and home industries.
In Kalinga province, Chevron partnered with Kalinga Apayao State College to train members of the community and help provide access to markets for local products such as coffee, macadamia nuts, unoy (red rice), oranges and traditional crafts. Through the United People of Kalinga Enterprise Enhancement Program, we work with our partners to promote indigenous knowledge through sustainable enterprise development.
caring for the environment
In 2014, Chevron employees witnessed the results of their environmental stewardship when 69 olive ridley sea turtle eggs hatched on a beach adjacent to Chevron’s Batangas Terminal. More than 600 employees, Caltex retailers, business partners, teachers and students cleaned the beach of trash and debris, which revealed a nest containing 110 turtle eggs. We worked closely with the Department of Environment and Natural Resources and wildlife experts to move the nest to drier ground, where the turtles hatched, then made their way to the sea. Chevron has since created a sea turtle encounter training program for employees, contractors and visitors and has made coastal cleanup in Batangas an annual employee volunteer activity.
Chevron is collaborating with the Cabiokid Foundation, Inc., the Tiwi local government and the Department of Education to establish a model farm to train teachers, students and parents in sustainable agricultural technologies.
We support the Malampaya Foundation Inc., which has helped local communities implement effective coastal resource management plans. In 2014, 17 conservation agreements were signed throughout the provinces of Palawan and Oriental Mindoro.
record of achievement
For nearly a century, Chevron’s investments and operations in the Philippines have made important contributions to developing the country’s energy and petroleum industry.
These are some of our pioneering achievements:
- 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 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 LLC, together with the other members of the project consortium, delivered the country’s first commercial gas supplies to two power generation plants. Another 500-megawatt gas power plant came on line in 2002. With a total combined capacity of 2,700 megawatts, the plants meet approximately 20 percent of the country’s power needs.
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 supplies more than 30 percent of Luzon’s power needs.
6/F 6750 Ayala Avenue
Makati City 1226
Email for general inquiries: www.caltex.com/ph/contact-us
Email for career opportunities: HRSSManilaStaffing@chevron.com
Service Management Office
Manila Shared Services Center
35/F Yuchengco Tower
RCBC Plaza 6819 Ayala Avenue
Makati City 1200
Email for general inquiries: MSSCCommunications@chevron.com
Email for career opportunities: HRSSManilaStaffing@chevron.com
Chevron Malampaya LLC
5/F 6750 Ayala Avenue
Makati City 1226
Email for general inquiries: email@example.com
Email for career opportunities: HRSSManilaStaffing@chevron.com
CAUTIONARY STATEMENT RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This Site contains forward-looking statements relating to Chevron’s operations that are based on management’s current expectations, estimates and projections about the petroleum, chemicals and other energy related industries. Words or phrases such as “anticipates,” “expects,” “intends,” “plans,” “targets,” “forecasts,” “projects,” “believes,” “seeks,” “schedules,” “estimates,” “positions,” “pursues,” “may,” “could,” “should,” “budgets,” “outlook,” “focus,” “on schedule,” “on track,” “goals,” “objectives,” “strategies” and similar expressions are intended to identify such forward looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the company’s control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date issued. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices; changing refining, marketing and chemicals margins; the company's ability to realize anticipated cost savings and expenditure reductions; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; technological developments; the results of operations and financial condition of the company's suppliers, vendors, partners and equity affiliates, particularly during extended periods of low prices for crude oil and natural gas; the inability or failure of the company’s joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the company’s operations due to war, accidents, political events, civil unrest, severe weather, cyber threats and terrorist acts, crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries, or other natural or human causes beyond its control; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic and political conditions; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce greenhouse gas emissions; the potential liability resulting from other pending or future litigation; the company’s future acquisition or disposition of assets or the delay or failure of such transactions to close based on required closing conditions set forth in the applicable transaction agreements; the potential for gains and losses from asset dispositions or impairments; government-mandated sales, divestitures, recapitalizations, industry-specific taxes, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; material reductions in corporate liquidity and access to debt markets; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; the company's ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading “Risk Factors” on pages 20 through 22 of the company’s 2016 Annual Report on Form 10-K. Other unpredictable or unknown factors not discussed could also have material adverse effects on forward-looking statements.
Certain terms, such as "unrisked resources," "unrisked resource base," "recoverable resources," “potentially recoverable volumes” and "original oil in place," among others, may be used to describe certain aspects of the company's portfolio and oil and gas properties beyond the proved reserves. For definitions of, and further information regarding, these and other terms, see the "Glossary of Energy and Financial Terms" on pages 50 and 51 of the company's 2016 Supplement to the Annual Report. As used in this report, the term "project" may describe new upstream development activity, including phases in a multiphase development, maintenance activities, certain existing assets, new investments in downstream and chemicals capacity, investment in emerging and sustainable energy activities, and certain other activities. All of these terms are used for convenience only and are not intended as a precise description of the term "project" as it relates to any specific government law or regulation.All trademarks, service marks, logos and trade names, whether registered or unregistered, are proprietary to Chevron, its affiliates, or to other companies where so indicated. You may not reproduce, download or otherwise use any such trademarks, service marks, logos or trade names without the prior written consent of the appropriate owner thereof.