Philippines Fact Sheet | May 2015
Philippines Fact Sheet
Highlights of Operations
Chevron is one of the largest investors in the Philippines, with more than $2 billion in capital investments.
We market Caltex® fuels, lubricants and petroleum products. Our network of service stations, terminals and sales offices forms
the backbone of our presence in the Philippines.
Chevron's geothermal operations in the Philippines help make us one of the world's leading producers of geothermal energy.
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, and we are exploring new opportunities for geothermal power in the Philippines.
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.
Business Portfolio
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 2014, net daily production averaged 118 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 is designed to maintain capacity at the offshore platform. First production from the infill wells began
in 2013. First production from the compression facilities is expected in the second half of 2015.
Geothermal
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. The company continues to assess the
prospect area. If successful, the steam resources could support 100 megawatts of capacity.
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Marketing and Retail
Chevron has about 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 and jet fuel.
Chevron has 18 facilities in the Philippines, including major terminals, depots and sales offices. 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.
Chevron also markets Delo® and Havoline® lubricants, coolants and other lubricating oils and greases through distributors to
consumer, commercial and industrial customers.
Operational Support
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.
Disaster Relief
Chevron's companies in the Philippines donate funds to various disaster relief organizations in the country. Caltex® fuel cards
are distributed for disaster relief and recovery operations. Our employees and contractors also contribute their own time and
money to disaster relief.
In November 2013, immediately following Typhoon Haiyan, Chevron donated $1.5 million to the Philippine Red Cross to
rehabilitate affected areas. Our subsidiaries, affiliates and employees in the Philippines made additional donations totaling
approximately $70,000.
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 has provided the financial, technical and infrastructure resources by
hosting the AWS units at select Caltex stations. This pioneering initiative is led by Chevron in partnership with the Metro Manila
Development Authority, the Manila Observatory, Globe Telecom and Ateneo de Manila University.
Education and Training
At Chevron, we believe that education is an important factor in the economic growth and well-being of our communities.
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, refurbishes libraries and offers curriculum support.
Educational programs we support include:
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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, at a public
elementary school near the Mak-Ban plant
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Caltex also partners with successful skills training programs. We work with the Don Bosco Pugad Foundation, which started the
Manna From Heaven training bakery and bakeshop program, as well as its spinoff project, the Coffee & Saints Café, which
teaches boys culinary and restaurant management skills. We recently began a partnership with the Mobile Mechanic, which
brings skilled mechanics right to customers.
Economic Development
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 January 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 a wildlife expert to move the nest to drier
ground, where the turtles hatched and made their way to the sea. Chevron has since created a sea turtle encounter training
program for employees, contractors and visitors.
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 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
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:
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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.
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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. 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 supplies approximately 40
percent of Luzon's power needs.
Contact Us
Chevron Philippines Inc.
6/F 6750 Ayala Avenue
Makati City 1226
Philippines
Telephone: +63.2.841.1000
Fax: +63.2.841.1092
Email for general inquiries: http://www.caltex.com/ph/contact-us/
Email for career opportunities: HRSSManilaStaffing@chevron.com
Chevron Holdings Inc.
Service Management Office
Manila Shared Services Center
35/F Yuchengco Tower
RCBC Plaza 6819 Ayala Avenue
Makati City 1200
Philippines
Telephone: +63.2.793.4000
Fax: +63.2.793.4422
Email for general inquiries: MSSCCommunications@chevron.com
Chevron Geothermal Services Company
Chevron Malampaya LLC
5/F 6750 Ayala Avenue
Makati City 1226
Philippines
Telephone: +63.2.845.8400
Fax: +63.2.976.6096
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Email for general inquiries: cmllccgsccommuni@chevron.com
Email for career opportunities: HRSSManilaStaffing@chevron.com
Visit Caltex Philippines
Updated: May 2015
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HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This Web site contains forward-looking statements relating to Chevron’s operations that are based on management’s current
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compared with the U.S. dollar; the effects of changed accounting rules under generally accepted accounting principles
promulgated by rule-setting bodies; and the factors set forth under the heading “Risk Factors” on pages 22 through 24 of the
Annual Report on Form 10-K of Chevron for the year ending December 31, 2014. In addition, such results could be affected by
general domestic and international economic and political conditions. Other unpredictable or unknown factors not discussed
could also have material adverse effects on forward-looking statements.
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