Petron doubles 1Q net income
- May 5, 2022
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...
We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.
The cookies that are categorised as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ...
Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.
Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.
Performance cookies are used to understand and analyse the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Advertisement cookies are used to provide visitors with customised advertisements based on the pages you visited previously and to analyse the effectiveness of the ad campaigns.
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...
Aboitiz Power Corporation recorded a 53% decline in its core net income for the first quarter of 2022 to Php2.9 billion versus from Php6.2 billion in the same period last year. In...
ACEN is looking to enter the renewable energy (RE) market in the United States by acquiring existing wind power projects on the other side of the world. This comes as Ayala’s power...
Ayala-led ACEN has officially sold its oil-fired 32-megawatt Power Barge (PB) 103 docked in Lapu-Lapu City, Cebu to SPC Power Corporation for Php39.2 million, the two firms said in separate disclosures to...
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...
Ayala-led ACEN has secured a Php13.7 billion loan to fund the transition of its 270-megawatt South Luzon Thermal Energy Corporation (SLTEC) coal-fired power plant in Calaca, Batangas. In a statement on Monday,...
The Department of Energy (DOE) has ordered PXP Energy Corporation to put on hold its exploration activities, particularly for its Service Contract (SC) 72 and 75 blocks in the West Philippine Sea...
Cebu-based Vivant Corporation, through subsidiary 1590 Energy Corporation (1590 EC), will be acquiring the 225-megawatt Bauang Diesel Power Plant (BDPP) in La Union. In a disclosure to the Philippine Stock Exchange on...
Synergy Grid & Development Phils. Inc. (SGP), the holding company of the National Grid Corporation of the Philippines (NGCP), will be boosting the grid firm’s capital expenditure program through a Php 12.24-billion...
SN Aboitiz Power Group (SNAP) announced on Tuesday has tapped Japanese firm Hitachi Energy as the engineering, procurement, and construction (EPC) contractor for its 20-megawatt (MW) battery energy storage system (BESS) project...