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PETRON CORP. incurred a net loss of P4.9 billion in the first quarter, a reversal of its P1.3-billion income a year ago, as it noted “significant” inventory losses due to the price collapse in both local and international oil markets when demand contracted.
PETRON CORP., the country’s largest oil refiner, said on Friday that it had rolled out fuel marking at its refinery in Bataan and its import facility in Misamis Oriental to support the government’s efforts to curb smuggling.
PETRON CORP. posted a 70% fall in its net income as of September to P3.6 billion largely because of its shrinking refining margins, the company told the stock exchange on Tuesday.
PETRON Corp. looks to sell back the 140-megawatt (MW) solid fuel-fired power plant in Bataan it acquired from a unit of SMC Global Power Holdings Corp. three years ago.
PETRON Corp. successfully listed P20 billion worth of preferred shares on the Philippine Stock Exchange yesterday.
PETRON Corp. said its executive committee has approved an offer of perpetual preferred shares raising up to P20 billion, the company said Friday.
PETRON CORP. said on Thursday that its refinery in Limay, Bataan was forced to go into an emergency shutdown after the strong earthquake that jolted Central Luzon and Metro Manila on April 22.
By Bjorn Biel M. Beltran, Special Features Writer Car lovers and motor enthusiasts rejoice because the country’s most anticipated car and motor show is back in...
MAJORITY of stockholders of Petron Corp. has agreed to the company’s plan to issue preferred shares amounting to up to P20 billion, the company told the stock exchange on Tuesday.
PETRON CORP. reported a 3% increase in net income to P12.1 billion in nine months to September this year despite an industry-wide decline in fuel demand due to higher pump prices, the company said on Tuesday.
PETRON CORP. has completed the sale of the P20-billion second tranche of its peso-denominated fixed rate bonds last week, the listed oil refining and distribution company told the stock exchange on Tuesday.
PETRON CORP. has secured the highest credit rating for its proposed P20-billion fixed rate bond issuance this year, a local debt watcher said.
PETRON CORP. reported a 16% increase in net income to P9.5 billion in the first six months of 2018, as sales volumes in the Philippines and Malaysia were sustained while prices of petroleum products rose.
Petron Corp. said on Thursday, Aug. 2, that the supply of its petroleum products has remained "steady" all over the country despite its legal...
PETRON CORP. is setting aside this year a capital expenditure of P15 billion to cover its network expansion and refinery improvement, company officials said...