Leading oil firm Petron Corp. is fully back on its toes in the operations of its terminals and gasoline stations in the areas pummelled by Typhoon Odette during the Christmas holidays. Petron Corporation “All stations that sustained damages in Visayas and Mindanao have been fully restored and...
Leading oil industry player Petron Corporation is slated to offer this year $500 million worth of senior notes, the proceeds of which will be used for debt refinancing as well as to augment working capital that will bankroll its on-the-fence power project at the Limay refinery, according to Petron...
The Department of Energy (DOE) and motorcycle ride-hailing platform Angkas have jointly recognized at least three service stations of leading oil firm Petron Corporation for "excellent service" they have been bestowing to customers. The collaborative effort of the DOE and Angkas led to the search...
Leading oil firm Petron Corporation has been stepping up repair works and is batting for safe re-opening of its gasoline stations or retail networks hammered by the recent death-dealing typhoon Odette. Apart from fast-tracking the "return-to-operation" of its retail stations, the oil firm similarly...
House Assistant Majority Leader and Cebu Representative Eduardo Gullas on Friday rejected the offer of San Miguel Corporation chief executive Ramon Ang to sell Petron Corp. back to the government through a five-year installment payment scheme. "Thanks, but no thanks. Business tycoon Ramon Ang can...
Petron nets P4.99-B in 9 months Myrna M. Velasco Leading oil firm Petron Corporation reported a net income of P4.99 billion in nine months this year, reversing a P12.6 billion in net loss in the same period last year. In a statement, the firm noted it continues “to show recovery amid the pandemic...
Players in the liquefied gas sector expect significant reduction in violations and illegal trade activities given tighter sanctions against offenders under the newly enacted LPG Industry Regulation Act. Leading LPG firm Petron Corporation stated that the passage of Republic Act 11592 “will...
While the PSEi retreated right after breaching the 7,300 level, the market is seen to try to push it back again if it gets encouraging news from initial corporate earnings results as well as from the new COVID cases reports. “While the local market had a good run this past trading week, it was...
The petroleum refining volume in the country significantly dropped by 66.5-percent in the first six months this year due to the shutdown last year of the Tabangao refinery of Pilipinas Shell Petroleum Corp., the Department of Energy reported. So far, the only remaining refinery in the country is...
Leading oil firm Petron Corporation has accomplished on Tuesday, Oct. 12, its listing with the Philippine Dealing and Exchange Corporation (PDEx) for the P18-billion first tranche of its fixed rate peso-denominated retail bonds. That bond issue will be the initial fund-raising activity of the oil...
With recovery in oil demand, the country’s total oil import bill in the first half this year significantly climbed by 55.9-percent to $4.795 billion from a leaner $3.075 billion in the same period in 2020. In a report released by the Department of Energy (DOE), it specified that one key factor...
Leading oil firm Petron Corporation is scheduling the redemption of its Series 2B preferred shares by November 3 this year at a redemption price of P1,000.00 per share. In a disclosure to the Philippine Stock Exchange (PSE), the company noted that it already “commenced delivery of its notice of...
