House Minority Leader 4Ps Party-list Rep. Marcelino “Nonoy” Libanan finds nothing wrong with Petron Corp.’s procurement of 2.48 million barrels of low-priced crude oil from Russia amid fuel price and supply concerns. “We are under a state of national energy emergency, and any additional...
Petron Corp., the Philippines’ sole oil refiner, has procured 2.48 million barrels of Russian crude oil to shore up the country’s fuel stocks following the closure of the Strait of Hormuz and the declaration of a state of national energy emergency. In a disclosure to the Philippine Stock...
Petron Corp., the only remaining oil refinery in the country, is once again open to a government takeover, potentially through a partnership with the state-run Maharlika Investment Corp. (MIC). The move comes as the Ramon Ang-led company seeks to address volatile fuel costs, though economists...
Billionaire Ramon S. Ang is reviving a proposal to sell Petron Corp. back to the government, framing the move as a way to bolster energy security while the nation grapples with a declared national energy emergency. The offer from the San Miguel Corp. chairman and chief executive officer comes as...
Petron Corp., the only oil refiner in the Philippines, is seeking permission from the United States (US) government to process Russian crude as the company attempts to bypass supply disruptions triggered by conflict in the Middle East. The move comes as the Sierra Leone-flagged tanker Sara Sky...
Ramon Ang-led Petron Corp. is moving forward with plans to connect its 184.4-megawatt (MW) Refinery Solid Fuel-Fired Boiler (RSFFB) project to the national grid by developing its own point-to-point facilities. The Energy Regulatory Commission (ERC) approved Petron’s application to own and develop...
Across the Philippines, more and more riders are taking to the road on scooters. They are easier to maneuver, making them ideal and practical for navigating traffic or traveling long distances. Whether it’s heading to work, taking care of your family, running errands, or going for a weekend ride...
Ramon S. Ang-led Petron Corp. reported a 37 percent surge in net income for the first nine months of the year, driven by higher sales volumes, improved refinery production, and reduced costs. In a statement on Tuesday, Nov. 4, Petron said its net income rose to ₱9.7 billion in January to...
Market challenges both domestically and internationally have dragged down the profit of Ramon S. Ang-led Petron Corp. for the first half of the year. In a disclosure to the Philippine Stock Exchange on Tuesday, Aug. 5, Petron reported ₱5.3 billion in net income for the first six months of 2025,...
Alabang Country Club has announced on Tuesday, Aug. 5, the temporary closure of its Petron station, located inside the posh Ayala Alabang Village in Muntinlupa, following a reported gas leak incident. In a statement, the upscale, members-only club said that the incident was first reported on...
One more from San Miguel Corporation Chairman Ramon S. Ang’s brood of eight children is taking a bigger role in the diversified conglomerate. In a disclosure to the Philippine Stock Exchange, Petron Corporation reported that 39-year-old Jacqueline L. Ang is one of the 12 newly-elected members of...
Petron Corporation has filed its registration statement with the Securities and Exchange Commission in line with its plan to raise ₱32 billion from the issuance of bonds. Philippine Rating Services Corporation (PhilRatings) said it has assigned Petron’s proposed bond issuance of ₱25 billion,...
