Chevron Philippines Inc. (CPI), distributor of Caltex fuels and lubricants, said it renewed its lease agreements with Batangas Land Company Inc. (BLC) for key terminal properties in San Pascual, Batangas; Lapu-Lapu, Cebu; San Fernando (Poro), La Union; and Sasa, Davao City.
“The four terminals in Batangas, Cebu, Sasa and Poro are the backbone of our operations. This renewed partnership enables CPI to keep serving our customers and supporting the country’s growing energy needs,” said CPI country chairman Billy Liu.
CPI said it is continuing major investments in its infrastructure to support safe and dependable operations nationwide.
Under the renewed partnership, CPI and BLC strengthen their shared commitment to delivering accessible and reliable energy across the country.
Liu said the lease renewal follows a two-year negotiation, and expressed gratitude to BLC for its continued trust.
BLC president Lilia Arce highlighted the broader impact of public-private collaboration.
“The partnership is proof of what can be achieved when both sectors unite with a shared vision, an example of how working together can create lasting impact,” she said.
Chevron has built a network of more than 600 service stations, terminals and supply points across the country.