Batangas Land Company, Inc. (BLC) was organized with the primary purpose of allowing Caltex Philippines, Inc. (now Chevron Philippines Inc. [Chevron]) to continue its business in the lands it used to own. NDC owns 60% of BLC and the balance of 40% is owned by Chevron.
BLC owns 162 parcels of land located in various cities and provinces in the Philippines with a land area of 1,929,205 square meters. The fair market value of the BLC landholdings as of 28 November 2007 is P3.8 Billion.
Chevron leases 147 parcels of land, the biggest of which is in San Pascual, Batangas. The lease is up to September 2025. There are parcels of land which are still available for lease by other interested parties.