Petron Corporation recorded a net income of Php3.6 billion in the first quarter of 2022, more than double its Php1.73 billion net income in the same period last year. The company’s consolidated...
The country’s net oil imports drastically increased by 87.9% to $11.15 billion in 2021 from $5.93 billion in 2020, slightly beating that of pre-pandemic levels, based on data from the Department of...
With the Russia-Ukraine conflict in its second month, Petron – the Philippines’ largest oil firm – said that its oil supply remains stable, at least for the time being. “Petron currently does...
Petron Corporation, the country’s largest oil firm, registered a net income of Php6.14 billion in 2021, a reversal from the Php11.4 billion net loss in 2020. The company said it sold 82.24...
A month after Typhoon Odette slammed Visayas and Mindanao, Petron Corporation said it has fully resumed operations of its terminals and stations in the said areas. In a statement released on Monday,...
Petron Corporation’s executive committee has authorized the offer and issue of dollar-denominated senior notes worth up to $500 million to fund its 184-megawatt (MW) power plant project inside its refinery in Limay,...
The Department of Energy (DOE) has sent inspectors from its field offices to check on the reported surge in fuel prices despite an assurance that there is still enough supply available for...
Petron, the country’s largest oil firm, ended the first nine months with a consolidated net income of Php4.99 billion, reversing the Php12.6 billion net loss it incurred in the same period last...
Petron President and CEO Ramon Ang is offering to the government a buyback of the oil giant amid lawmakers’ proposals to return the company to state control as a solution to series...
Petron Corporation, the country’s largest oil firm, has completed the sale of its fixed-bond rates worth Php18 billion partly to finance its new power plant inside its refinery in Limay, Bataan. In...
