Manila, Philippines, April 24 2023 - Building on their long-term partnership to achieve mutual success, Chevron Philippines Inc. (CPI), marketer of the Caltex brand of fuels and lubricants in the Philippines, renews its fuel supply deal with Global Business Power Corporation (GBP).

Chevron currently supplies fuel to GBP’s seven plant facilities in operation in Cebu and Iloilo. With this extended partnership, Chevron will continue to supply the power company’s fuel needs for another year to continue servicing GBP’s customers.

The signing ceremony, recently held at the GBP office in Rockwell Business Center, Ortigas, was attended by CPI Fuel and Lubricants B2B Manager Jaime Zuluaga, New Business Acquisition Specialist Nestor Ramos, GBP President Jaime Azurin, and GBP EVP and COO Dominador Camu Jr.

Wholly owned by the Meralco PowerGen Corporation (MGen), GBP is a leading independent power producer in the Visayas region with presence in Mindanao. It has effectively transformed Cebu and Iloilo into main drivers of growth in the region through the commercial operations of its subsidiaries namely Panay Energy Development Corporation, Panay Power Corporation, Cebu Energy Development Corporation and Toledo Power Co.

“Today we cement and renew our partnership that we have been nurturing as early as 2008. We have progressed as a company and we’re thankful to be able to continue working with people who share the same values of prioritizing quality, reliability and consistency. GBP, as a Filipino power company, shares our commitment to safety and environmental responsibility through their firm vision on investing in initiatives that improve the lives of the community where they operate.” shares Zuluaga.

“As we aim to provide quality yet cost-competitive service to our customers, we partner with like-minded organizations such as Chevron to carry out our commitment to our customers. With Chevron's reputation as one of the largest oil companies in the world, we are certain that we’ll be able to efficiently serve the growing power needs of Filipino households and businesses,” says Azurin.

The sustained partnership between Chevron and GBP facilitates innovative solutions to address current and emerging energy challenges in the country. Committed to working with people who pursue the same mission, Chevron maximizes the power of human energy and puts people at the center of every conversation.

About Chevron

Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We are focused on lowering the carbon intensity in our operations and seeking to grow lower carbon businesses along with our traditional business lines. More information about Chevron is available at www.chevron.com.