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Caltex gained its foothold in the Philippines in 1917 when Texas Company (as Texaco was then known) began marketing the products in the Philippines through a local distributor, Wise and Co. Four years later, Texaco (Philippines) was formally established and opened its office in Binondo, Manila. Eleven years later, its Pandacan warehouse depot was converted into a key distribution terminal to bring products by barge to nearby provinces.

By 1936, Texaco joined forces with the Standard Oil Company (California) to form Caltex (Philippines) Inc. On the same year, Caltex improved its position dramatically—it increased its capitalization from an initial PHP 2 million to PHP 200 million—transferred to a new office, and opened depots and service stations nationwide, making it the country’s number one oil company.

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