The downstream oil subsidiary of Chevron Corporation has named Billy Liu as its new Country Chairman and General Manager, replacing Louie Zhang who recently retired following more than three decades of service in the American firm.
In taking the top post at Chevron Philippines Inc. (CPI), Liu will be bringing with him 13 years of experience in the petroleum industry. He started his chairmanship at CPI on October 1 this year.
Liu kicks off his tenure at Chevron while the oil firm wades through the inauspicious impact of the Covid-19 pandemic which caused the company’s slide to fifth rank in the industry – a fall from where it traditionally reigned as the third biggest oil company in the Philippines.
In a statement to the media, Chevron noted that Liu “manages the marketing of transportation fuels, finished lubricants and coolants for commercial and retail sales under international fuels and lubricants segment of the Chevron business in the Philippines.”
The American firm’s operation in the Philippines is now just confined to the downstream oil sector – having sold its other assets in the country through the years.
It first unloaded its geothermal business in the Philippines in 2017; and then its 45-percent stake in the Malampaya project in a controversial sale that closed March this year.
For his chairmanship stint at Chevron Philippines, Liu said he is “truly delighted to be at the helm of Chevron’s business in the country.”
He added “the Philippines is a vital market for Chevron’s downstream operations and an integral component of its Asia Pacific presence.”
Liu further indicated the company “will continue to drive our long-lived mission of supplying fuels and lubricants to meet the nation’s fuel and economic demands,” emphasizing that the firm “will also cultivate and support our local partners to grow Chevron’s retail and commercial footprint.”
Chevron currently has 639 service stations carrying the “Caltex” brand. The company said it so far added 21 retail sites this 2020, and it is targeting to bulk that up further before the year closes.
“Even during the pandemic and lockdown, CPI continues to open Caltex stations in various parts of the country,” the firm said, adding that when several typhoons pummeled the country, it was also able to swiftly resume its retail operations even in hard-hit areas.
For the calamities that happened, Chevron said it donated P1.0 million to Philippine Red Cross to help in its relief efforts, primarily in the aftermath of the devastation of strong typhoons Rolly and Ulysses.