Corporate News

SEC approves Philex Petroleum name change

Posted on August 16, 2016

PHILEX Petroleum Corp. has obtained approval from the securities regulator for its change in corporate name to PXP Energy Corp.

In a disclosure, Philex Petroleum said the approval from the Securities and Exchange Commission was dated Aug. 8 and was received by the oil exploration company the following day. PXP Energy’s amended articles of incorporation reflects the new name.

The change in the company’s name was approved by the board on March 9, and was submitted to shareholders for approval on May 17.

“The primary purpose of the company as provided in its articles of incorporation is to engage in businesses related to petroleum and other sources of energy. Hence, the change of name to PXP Energy Corporation,” the company said in March. -- Victor V. Saulon