Chevron Panama has reached a historic milestone for its Texaco brand, opening its 100th service station in the country. This expansion solidifies the company’s position in Panama’s competitive fuel retail market after nearly nine decades of continuous operation. The achievement underscores a period of strategic investment and network modernization aimed at meeting evolving consumer expectations.
The new station represents the latest point in a comprehensive national refurbishment program. Texaco is updating its corporate image at all locations under the concept “We Evolve to Keep Shining.” This involves installing safer facilities, completely renovated infrastructure, and optimized lighting systems. Company officials state the redesign aims to significantly elevate the customer experience with a more efficient and sophisticated layout aligned with international standards.
“Reaching 100 stations is the reaffirmation of our commitment to Panama’s sustained growth,” said Doriana Hun, Manager of Chevron Panama. [Translated from Spanish] She added, “Each new station represents strategic investment, job creation, and the strengthening of opportunities. This achievement drives our determination to continue modernizing the network, raising service standards, and consolidating Texaco’s role as a key ally in the country’s mobility and development.”
This growth is projected to generate over 1,500 direct and indirect jobs nationwide. Chevron’s operations now contribute to the economic dynamism of communities across Panama, strengthening the broader service sector. The company began its operations in the country back in 1938 within the province of Colon.
Strategic Infrastructure and Market Leadership
Texaco’s retail expansion is supported by one of the most solid energy platforms in Panama. Chevron administers the country’s largest fuel terminal and operates a portfolio of 13 products essential for key sectors. These include transportation, aviation, logistics, commerce, and services. This infrastructure allows the company to guarantee a stable and reliable supply, reportedly meeting over 85% of market demand.
Innovation remains central to the brand’s value proposition. Its fuels are treated with Techron®, an additive designed to provide superior performance from the first use. This differentiator has been critical for both individual consumers and commercial fleets requiring efficiency and reliability. The focus on advanced fuels is part of a broader commitment to the evolving sector energético.
Beyond its commercial footprint, Texaco’s strategy includes significant social and community investment. The company runs educational, environmental, and corporate volunteer programs that have benefited more than 40,000 young people in STEAM areas. It has also trained over 3,000 teachers. Key partnerships with organizations like FUNDESTEAM, Junior Achievement, and Fundación Emprendamos aim to drive local innovation, leadership, and entrepreneurship.
Environmental and Social Commitments
Environmental initiatives form another pillar of the company’s operations. Texaco develops reforestation and recycling programs with the active participation of more than 80% of its employees in volunteer activities. These efforts are designed to provide sustained social value and contribute to the comprehensive development of the communities where it operates. The company views this engagement as integral to its long-term presence.
Chevron’s operations extend beyond Panama, with the Texaco brand also maintaining a significant network in markets like Colombia and Central America. The parent company is a globally integrated energy leader involved in everything from exploration and production to refining and marketing. Its headquarters are located in Houston, Texas.
The opening of the 100th station and the nationwide image renewal represent a coordinated strategy. Chevron is integrating next-generation infrastructure with permanent innovation and a deep focus on service excellence. Company leadership believes this milestone reaffirms Texaco’s role as a strategic ally for Panama’s mobility, competitiveness, and economic development. The goal is to project a future of sustained growth while creating opportunities for local communities.