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Bloomberry to replace Petron in PSE index

THE 30-member Philippine Stock Exchange index (PSEi) will see the addition of Bloomberry Resorts Corp. starting on Feb. 18, after the bourse operator’s full-year review in 2018.

Petron exports diesel in rare move

SINGAPORE — Top Philippine oil refiner Petron Corp. exported a diesel cargo in November in a rare move, and offered a December-loading shipment, trade sources said on Monday.

Petron nets P12 billion in 9 months despite weaker demand for...

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 planning new refinery in Bataan

PETRON CORP. is planning to add a new petroleum refinery in Bataan that will boost its capacity by 100,000 barrels daily.

Petron completes sale of P20-billion fixed-rate bonds

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’s P20-B bond issuance gets top credit rating

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 plans P20-B retail bond issuance

PETRON CORP. said on Wednesday its board of directors had approved the public offer and issuance of up to P20 billion worth of peso-denominated fixed income retail bonds from the oil company’s previously approved shelf registration of securities.

Petron nets P9.5 billion in 6 months on higher petroleum prices

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 earnings up by 16% in first half

Petron Corp. net income rose in the first half as sales volumes in its local and Malaysian markets were sustained while prices of petroleum...

Oil firms to lower fuel prices tomorrow

Oil companies are rolling back the cost of petroleum products this week, although at a rate lower than the price increases in recent weeks. Gasoline...

Petron says fuel supply steady despite row with PNOC

Petron Corp. said on Thursday, Aug. 2, that the supply of its petroleum products has remained "steady" all over the country despite its legal...

Oil firms to lower fuel prices tomorrow, June 26

Oil companies will roll back the prices of petroleum products this week, with gasoline having the biggest cut at P1.15 per liter. Diesel will be...

Petron keeps top credit rating for P20-B bonds

PETRON CORP. maintained the highest credit rating for its P20-billion outstanding bonds, a local debt watcher said.

Oil firms to raise fuel prices tomorrow

Oil companies will impose this week the biggest price increase for gasoline products so far this year at P1.60 per liter, with the prices...

Petron allots P15B for network expansion, refinery upgrade

PETRON CORP. is setting aside this year a capital expenditure of P15 billion to cover its network expansion and refinery improvement, company officials said...

Petron allots P15 billion for 2018 capex

Petron Corp. is setting aside this year a capital expenditure of P15 billion to cover its network expansion and refinery improvement, company officials said...

Petron nets P5.8 billion in 1st quarter

PETRON CORP. on Tuesday said it posted a consolidated net income of P5.8 billion in the first quarter, up 4% year on year and...

Petron books record first-quarter profit

Petron Corp. posted a consolidated net income of P5.8 billion in the first quarter, higher by 4% compared with the level a year ago...

Oil firms to roll back fuel prices tomorrow

Oil companies will be rolling back the cost of petroleum products this week to reflect the movement of prices in the international market. Kerosene will...

Oil firms to hike fuel prices on Tuesday

After last week's price cut, oil companies this week will raise the prices of petroleum products to reflect the movement of prices in the...

Petron earnings hit P14B in 2017

PETRON Corp. on Tuesday said its consolidated net income rose 30% to P14.1 billion in 2017, with robust sales volume fueling the growth along...