highlights of operations
Singapore plays a critical role in Chevron’s global operations.
Singapore is the regional headquarters for our Downstream operations in the Asia-Pacific region, including our manufacturing, marketing and lubricants businesses. We operate under our subsidiary Chevron International Pte. Ltd. Chevron’s supply and trading business has a regional trading hub in Singapore.
Our lubricant additives manufacturing facility in Singapore, operated by , is the largest in Asia. In addition, Chevron has a 50 percent interest in a Singapore refinery that produces petroleum products for the Asia-Pacific region. Through our joint venture Chevron Phillips Chemical Company LLC and its affiliates, Chevron also has an interest in Chevron Phillips Singapore Chemicals (Private) Limited.
The Caltex® brand, which serves customers in the Asia-Pacific region and Africa, is managed from Singapore. There is a network of Caltex service stations and convenience stores in Singapore as well.
In Singapore, our Chevron International Products business unit manages all of our Downstream fuels businesses and joint ventures outside the Americas. That includes commercial and retail merchandising, marketing, terminal operations, and the promotion and sale of Caltex fuels in the Asia-Pacific region, Africa and the Middle East. The organization also directs Chevron’s joint-venture manufacturing in Asia and joint-venture aviation activities in the Middle East.
Chevron has a 50 percent interest in the Singapore Refining Company (SRC).
The SRC refinery processes up to 290,000 barrels of crude oil per day, producing liquefied petroleum gas, gasoline, jet fuel, diesel, fuel oil and asphalt. In 2017, construction was completed on the SRC’s gasoline clean fuels facility and cogeneration plant, which was commissioned in the first half of the year. The new facilities increase the refinery’s ability to produce higher-value gasoline that meets stricter emission standards.
supply and trading
Chevron’s Singapore Supply and Trading office is home to one of the company’s four global trading floors, along with London; Houston, Texas; and San Ramon, California. The organization manages daily commodity transactions of 5 million barrels of liquids and 5 billion cubic feet of gas.
marketing and lubricants
The Caltex® brand – Chevron’s main marketing brand in Asia-Pacific and Africa – is managed from Singapore.
Chevron offers Caltex products, including Caltex gasoline with Techron® and Caltex Diesel with Techron D®, to consumers in Singapore. Through our Caltex stations and distributors, we also market Delo® and Havoline® lubricants and coolants, along with other lubricating oils and greases, to consumer and business customers. In addition, Havoline® engine lubricants and coolants for passenger cars and motorcycles and Delo® diesel engine oils, greases, other lubricating oils and Techron® Concentrate Plus fuel additives are marketed to consumer, commercial and industrial customers.
As of early 2017, Chevron has 26 Caltex service stations, 25 Star Mart convenience stores and one mini mart in Singapore. In 2016, Chevron partnered with NTUC Link to join the Plus! loyalty program, which enables motorists to earn and use LinkPoints for eligible fuel transactions at Caltex stations.
Chevron also markets asphalt and fuels to inland industrial and commercial customers.
Chevron is a major aviation fuel supplier in Singapore. We safely supply airlines at Singapore Changi International Airport.
From Singapore, we also market marine fuels and lubricants to customers in Asia.
Singapore is the Asia-Pacific regional headquarters for our subsidiary Chevron Oronite Pte. Ltd. Our Singapore manufacturing plant on Jurong Island is the largest additives manufacturing facility in the Asia-Pacific region. Our additives enhance the performance of lubricants in marine, automotive, railroad and natural gas engines as well as in specialty industrial engines and equipment. Additives from our Singapore plant are sold in more than 15 countries throughout the region and are shipped to distribution points worldwide.
The plant has continued to expand since its commissioning in 1999, and in November 2017, a new carboxylate plant was commissioned. Carboxylate is a sulfur-free detergent used in high-performance additive packages. When combined with a similar unit in Gonfreville, France, Oronite’s global carboxylate capacity approximately doubled following the completion of this project.
Chevron is involved in a chemical facility in Singapore through our joint venture Chevron Phillips Chemical Company LLC (Chevron Phillips Chemical).
Chevron Phillips Chemical has a 50 percent interest in Chevron Phillips Singapore Chemicals (Private) Limited, a joint venture that operates a high-density polyethylene (HDPE) manufacturing plant on Jurong Island. HDPE is used in pressure piping, gasoline containers and tanks, and soap and detergent bottles, among other things.
in the community
Chevron’s global initiative, Fuel Your School, has been modified specifically for Singapore. In 2015, we partnered with the Central Singapore Community Development Council to develop Fuel Your School–STEM @ Central Singapore. The program encourages lower secondary school students to pursue their interest in science, technology, engineering and mathematics (STEM) subjects. For two years, participants have engaged in carefully curated learning projects and hands-on activities that help bridge textbook knowledge with real-world applications. At one workshop, approximately 240 junior engineers were inspired by the anti-gravity hover vehicles often featured in science fiction movies to design and ultimately fly their own prototypes. Students used advanced concepts such as magnetism, sensor technology, electronics, mechanical engineering and vector forces to build and fly their creations. Those with the most impressive vehicles – as chosen by a panel of judges and the community via social media – received cash prizes for their respective schools, helping fund the schools’ mathematics and science departments.
From 2012 through 2014, Chevron Singapore partnered with the People’s Association in Caltex PAssion for Kids, an enrichment program targeted at underserved families. This initiative inspired learning in underprivileged children in primary and secondary schools by giving them the opportunity to gain knowledge and develop new skills in different ways.
Chevron Singapore received the Community Spirit Award from the People’s Association in recognition of our contributions to the community in 2011, 2013, 2014, 2015 and 2016.
record of achievement
In 1933, Chevron entered the Singapore market through The Texas Company (China) Ltd., a former Texaco company. In 1936, a partnership between Chevron and Texaco created the Caltex® brand. In 1937, Caltex introduced its first fuel oil and diesel fuel bunkering terminals. Operations started at the Tanjong Pagar Terminal in 1938. Caltex significantly expanded operations in 1958 with the addition of another bunkering terminal. In 1964, a lubricants blending plant was built in Tanjong Penjuru.
Texaco merged with Chevron in 2001.
introducing lubricant additives
In 1972, Chevron Oronite opened a sales office in Singapore for Oronite® additives. In 1995, Singapore became the Asia-Pacific regional hub for Oronite.
In 1999, we built our Singapore manufacturing plant, the largest lubricant additives manufacturing plant in Asia.
a leader in refining
In 1979, Chevron, through Caltex, became a one-third partner in Singapore Refining Company.
The partners upgraded the refinery in the 1980s by adding visbreaker, reformer and hydrocracking units, which greatly increased the refinery’s capacity and enabled it to meet changing demands in the market.
In 1995, the refinery was further upgraded at a cost of $1 billion. A residual fluid cracking unit and other associated facilities were installed, which increased production of gasoline and diesel.
Singapore became the regional headquarters for Chevron’s Asia-Pacific Downstream operations in 2001.
The refinery’s crude oil processing capacity continued to grow steadily. In 2004, Chevron’s interest in SRC increased to 50 percent.
From 2013 to 2016, Singapore was headquarters for the company’s Asia-Pacific exploration and production operations.
As a business partner and as a member of the community, Chevron is committed to creating superior value for our investors, customers and partners, the Singapore government, local communities, and our workforce.
Operational excellence – which we define as the “systematic management of process safety, personal safety and health, environment, reliability, and efficiency to achieve world-class performance” – is a critical driver for business success and a key part of our enterprise execution strategy.
honored in An country community
We and our affiliates have made significant contributions to Singapore as investors and employers for more than 80 years.
Our commitment to Singapore was recognized by the Economic Development Board in 2005, when Chevron received the Distinguished Partner in Progress Award for our commitment to developing Singapore’s manufacturing industry and for our contributions to the people and economy of Singapore.
In 2009 and 2010, Chevron Singapore was recognized for our human resources (HR) initiatives. The Singapore Human Resources Institute honored Chevron with the following awards:
- Leading HR Practices Award in Strategic HR
- Talent Management
- Retention and Succession Planning
- Employment Relations and People Management
- Health and Employee Wellness
- Workplace Safety and Health
- Learning and Human Capital Development
In 2010, Chevron won the Grass Roots Asia Pacific Award for Best Reward and Recognition Strategies at the HRM Awards Singapore.
Chevron Singapore Pte Ltd
Chevron International Pte Ltd
30 Raffles Place, #21-00 Chevron House
Chevron Singapore Public Affairs Email: [email protected]
Chevron Singapore Data Protection Officer Email: [email protected]
Chevron Oronite Pte Ltd
21 Sakra Road
CAUTIONARY STATEMENT RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This Website contains forward-looking statements relating to Chevron’s operations that are based on management’s current expectations, estimates and projections about the petroleum, chemicals and other energy-related industries. Words or phrases such as “anticipates,” “expects,” “intends,” “plans,” “targets,” “forecasts,” “projects,” “believes,” “seeks,” “schedules,” “estimates,” “positions,” “pursues,” “may,” “could,” “should,” “budgets,” “outlook,” “trends,” “guidance,” “focus,” “on schedule,” “on track,” “is slated,” “goals,” “objectives,” “strategies,” “opportunities” and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the company’s control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward- looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this report. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices; changing refining, marketing and chemicals margins; the company's ability to realize anticipated cost savings and expenditure reductions; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; technological developments; the results of operations and financial condition of the company's suppliers, vendors, partners and equity affiliates, particularly during extended periods of low prices for crude oil and natural gas; the inability or failure of the company’s joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the company’s operations due to war, accidents, political events, civil unrest, severe weather, cyber threats and terrorist acts, crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries, or other natural or human causes beyond its control; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic and political conditions; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce greenhouse gas emissions; the potential liability resulting from other pending or future litigation; the company’s future acquisition or disposition of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government-mandated sales, divestitures, recapitalizations, industry-specific taxes, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; material reductions in corporate liquidity and access to debt markets; the impact of the 2017 U.S. tax legislation on the company's future results; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; the company's ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading “Risk Factors” on pages 19 through 22 of Chevron’s 2017 Annual Report on Form 10-K. Other unpredictable or unknown factors not discussed in this report could also have material adverse effects on forward-looking statements.