Chevron to expand network in the Philippines

The Philippines has become the biggest market in Asia for U.S.-based Chevron Corp., and the company is aggressively expanding its presence in the Philippines. Chevron plans to put up some 200 stations across the country over the next five years. According to Shahid Ahmed, general manager for sales and marketing support of Chevron Asia Pacific, the company’s expansion plan to add 500 new retail stations to the existing 2,000 stations in Asia is now expected to be focused in the Philippines. “As you know, we have operations all across Asia and three of our largest markets are Thailand, Philippines and Malaysia. The Philippines is actually the largest market that we operate in across Asia so it’s a very large focus for the business. It has a lot of regional attention and a lot of regional support,” Ahmed said. Chevron markets fuel products and lubricants under the Caltex brand and has 850 Caltex service stations in the Philippines. (July 30, 2012)