Chevron’s upgraded Lapu-Lapu Terminal in Cebu, showing the docking of its first international import vessel—marking the terminal’s opening to domestic and international fuel trade following Chevron’s $3.1 million investment.
Chevron’s global headquarters has invested $3.1 million to upgrade its terminal in Lapu-Lapu City, Cebu, enabling it to receive import vessels and load domestic vessels. The investment increased the terminal’s storage capacity to 150,000 barrels—equivalent to approximately 24 million liters—unlocking an estimated $1 million in annual value.
