PROFILE |
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Although the Philippines may conjure up images of coconut oil and palm oil, Caltex (Philippines) makes its money from the hydrocarbon kind. A subsidiary of Caltex, the Texaco-Chevron global joint venture, Caltex (Philippines) is one of three major oil companies in the Philippines, along with Petron and Pilipinas Shell. The firm operates more than 40 depots, a grease manufacturing plant, a lubricating oil blend plant, a refinery, two terminals, and more than 1,000 gas stations throughout the Philippines. It also sells petroleum products such as kerosene and jet fuel. Following the deregulation of the Philippine oil industry (the government no longer sets oil prices), Caltex faces new rivals in retail oil.
COMPETITION |
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Petron Corporation (dossier)
TOTAL FINA ELF S.A. (TOT)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
1997 Sales (mil.): 1,288.40
1-Yr. Sales Growth: 0.5%
Employees: 940
Revenue per employee: $1,370,638.30
KEY PEOPLE |
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Nicholas C. Florio
CEO
Josue C. Banez
CFO
CONTACT INFO |
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6750 Ayala Ave., 6th Fl., 1226
Makati Metro Manila, Philippines
Phone: 63-2-813-6001
Fax: 63-2-813-6077
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