Petron Corporation has reported a consolidated net income of PHP 5.3 billion for the first half of 2025, reflecting its operational resilience despite ongoing global oil market disruptions. Crude prices plunged during...
The MVP Group, led by businessman Manuel V. Pangilinan, is considering the potential acquisition of San Miguel Corporation’s (SMC) recently acquired 3.8% stake in power distributor Manila Electric Co. (Meralco). SMC, through...
Sustaining its 2024 performance, Petron Corporation recorded a PHP4.03 billion profit in Q1 2025, navigating lower oil prices and tightening refining margins through strong domestic sales. The oil giant posted consolidated revenues...
SMC Global Power Holdings Corporation (SMCGP), the power arm of San Miguel Corporation, expressed its intention to terminate two of its power supply agreements (PSAs) with the Manila Electric Co. (MERALCO). The...
Petron Corporation looks to complete its 184-megawatt (MW) power plant inside its 180,000 barrel-per-day refinery in Limay, Bataan by the second half of the year, in line with its refinery efficiency program. ...
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...
Many of the Filipinos who landed in Forbes Magazine’s list of the richest people in the world for 2022 happen also to be players in the country’s energy sector. Leading the list...
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...
Philippine coal-fired power plants are looking for other possible sources of the fossil fuel amidst Indonesia’s ban on coal exports. Based on a BusinessWorld report, Aboitiz Power Corporation — the country’s largest...
SMC Global Power Holdings Corporation, the power generating arm of San Miguel Corporation (SMC), said 690 megawatts (MW) in battery energy storage system (BESS) projects would be operational early this year. The...
