Lipa City, Batangas — May 6,
2025 — P.A.
Petroleum Resources Inc., an affiliate of P.A. Alvarez Properties Development
Corporation, proudly marked a new milestone with the grand opening of Caltex Inosluban, located along the New
Bypass Road in Barangay Inosluban, Lipa City.

The inauguration ceremony was attended by top executives of
P.A. Properties, representatives from Chevron Philippines Inc., esteemed guests, and members of the
local community. The event commenced with a Thanksgiving Mass and blessing ceremony,
followed by the official ribbon-cutting that signaled the station’s readiness
to serve.

Caltex Inosluban, under the globally trusted
brand of Chevron, represents a strategic partnership between P.A. Petroleum
Resources Inc. and Chevron Philippines Inc.,
highlighting their shared commitment to quality service, reliability, and
customer satisfaction.

“We are proud to bring Caltex to the heart of Lipa through
this new venture,” said Peter Jude T.
Alvarez, President of P.A. Petroleum Resources Inc. “This is more than just
a fuel station—a symbol of progress, partnership, and our commitment to
uplifting communities by providing accessible, world-class energy solutions. We
are grateful to Chevron Philippines Inc. for trusting us with this dealership
and their unwavering support.”

The opening of Caltex Inosluban also aligns with P.A. Properties’ long-standing mission to
build sustainable and thriving communities. Conveniently located near Idesia Lipa—a residential development
by P.A. Properties and Japan’s Hankyu
Hanshin Properties Corp.—the new station is positioned to serve the growing
needs of both residents and nearby motorists.

Caltex Inosluban is now open to the public, offering top-tier
fuels and excellent customer care, strengthening the company’s mission to fuel
progress and serve with purpose.

This press release has also been published on VRITIMES