Chevron Philippines Inc. (CPI), marketer of the Caltex brand of fuels and lubricants, signs mutually beneficial lease agreements with Batangas Land Company, Inc. (BLC) for the lease of BLC properties in San Pascual, Batangas; Lapu-Lapu, Cebu; San Fernando (Poro), La Union; and Sasa, Davao City.
These terminals service the fuel needs of Luzon, Visayas, and Mindanao. By renewing its lease agreement, CPI and BLC can ensure these regions will continue to have easy access to a reliable fuel and energy source.
CPI Country Chairman Billy Liu and BLC President Lilia Arce signed the lease agreement at the Makati Shangri-La Hotel last April 2, 2025. CPI is also sustaining significant investments into its energy infrastructure, guaranteeing continued safe and reliable operations in the country.
Liu said that the lease signing was the culmination of a two-year-long negotiation process between both parties. He thanked BLC for continuing its partnership with Chevron, allowing the latter to continue acting as a reliable energy source for Filipinos nationwide. “These four terminals that we are leasing from BLC in Batangas, Cebu, Sasa, and Poro serve as the backbone of our operations. This seal of renewed partnership enables CPI to continue serving our customers and ultimately providing for the growing energy needs of the country.”
Meanwhile, Arce emphasized the value of strong ties between the public and private sectors as their collaboration can benefit entire communities. She added, “This ongoing relationship between Chevron and BLC is more than just a business transaction. It 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.”
Yu Lee Toh, Chevron’s Vice President for Asia Pacific Sales, was also present during the lease agreement renewal. He expressed optimism that this would pave the way for more Chevron terminal investments in the country, saying, “This lease renewal not only solidifies Chevron’s presence in the Philippines, but it also provides a solid foundation that allows Chevron to confidently invest in our growth and expansion.”
Key officials from the Department of Trade and Industry, National Development Company, Department of Energy, the US Embassy in the Philippines, Board of Investments, and the Office of the Government Corporate Counsel also witnessed the agreement renewal. Liu took the time to thank all the government agencies present, emphasizing that their support has created a healthy environment for Chevron and BLC’s partnership to thrive in.
US Ambassador to the Philippines MaryKay Carlson said that renewal of Chevron and BLC’s lease agreement is a pivotal moment for the Philippines and United States’ long-standing alliance. She reflected, “Chevron has operated in the Philippines for over a century. This moment underscores a US company’s commitment to remain invested in this market as well as the Philippine government’s willingness to collaborate. As we approach 2026, which will be the 80th anniversary of US-Philippine relations, I can think of no other example to celebrate our deep cause as friends, partners, and allies.”
Meanwhile, BLC Director and NDC General Manager Saturnino Mejia stressed that the two parties’ ongoing partnership will ensure the energy sector’s stable growth and continue providing jobs to Filipinos living near the terminals.
DTI Undersecretary for the Industry Development Group Ceferino S. Rodolfo said DTI Secretary Cristina Roque and Special Assistant to the President for Investment and Economic Affairs Secretary Frederick Go encouraged the renewal of Chevron and BLC’s lease agreement to continue the latter’s energy services in key areas around the country.
In its more than a hundred years in the Philippines, CPI has built an expansive network of over 600 service stations, terminals, and other supply points to fulfill the fuel needs of communities. As Chevron moves forward with its partnership with BLC, it also assures Filipinos that it will continue growing its network to champion energy security nationwide.
