The Philippine Stock Exchange has approved Petron Corporation’s P17 billion follow-on offering of preferred shares which will kick off next week, on September 5, 2024. In a disclosure to the Philippine Stock Exchange, the San Miguel group’s oil and gas subsidiary said it is offering oup to 17...
Despite robust outcome at its top line, the consolidated net income of leading oil player Petron Corporation posted a slight downturn in the first half to P6 billion from last year’s P6.14 billion in the same period. On the company’s operating income, this logged more favorable result with 8.0...
Leading oil industry player Petron Corporation is seeking extension from the Securities and Exchange Commission (SEC) for the shelf registration of its P50 billion worth of programmed peso fixed-rate bonds issuance. The company stated that in its disclosure to the Philippine Stock Exchange (PSE),...
Leading industry player Petron Corporation has ramped up outputs at its two refineries in the Philippine and Malaysian markets to sustain sales volume that have been propping up targeted profitability levels. During the company’s annual stockholders’ meeting, Petron Chief Finance Officer...
The upturn in sales had propelled 16 percent rise in the first quarter net income of leading player Petron Corporation to P3.93 billion from last year’s three-month outcome of P3.4 billion. Petron indicated that the profitability climb had been registered across operational chains of the...
Budget-conscious families will gain slight flexibility in their budgets this month, as the price of liquefied petroleum gas (LPG) will be on moderate rollback of P1.09 to P1.15 per kilogram as advised by the industry players. Leading player Petron Corporation announced that the cost of its LPG...
Petron Corporation, the Philippines’ largest oil company, has retained the highest Issue Credit Rating of PRS Aaa with a Stable Outlook from Philippine Rating Services Corporation (PhilRatings) for its outstanding bonds worth P38.0 billion. Obligations rated PRS Aaa are of the highest...
The heat will be turned down on household budgets for their cooking fuel this month, as the price of liquefied petroleum gas will be reduced by P1.00 per kilogram (kg) or equivalent P11.00 for the standard 11-kilogram cylinder, as advised by the industry players. Petron implemented its reduced LPG...
Profit of leading oil firm Petron Corporation soared to P10.1 billion in 2023 on the back of higher sales of jet fuel and liquefied petroleum gas (LPG). The oil firm said that its consolidated net income from January to December last year grew by 51 percent from P6.7 billion in 2022, while its...
The drive at the start of the year will bring slight cheers to motorists as the price of diesel products will be on a moderate rollback of P0.35 per liter; while gasoline prices will have a marginal reduction of P0.10 per liter, according to the price adjustment advisories of the oil companies. In...
Leading oil firm Petron Corporation has been ranked consistent topnotcher in the country’s fuel marking program that is being enforced by the Bureau of Customs (BoC) to potently curb smuggling in the downstream oil sector. As reported by the Customs bureau, Petron rated highest in the fuel...
Uptrend in sales had propelled 16% income escalation for leading oil firm Petron Corporation to P9.5 billion within this year’s January to September stretch versus a leaner bottom line outcome of P8.2 billion within a comparative period last year. The company emphasized that its “strong volume...
