Leading oil firm Petron Corporation has bounced back with P1.73 billion net income in first quarter this year, wiping out massive net loss of P4.9 billion posted in the same period in 2020. With improved operational performance, Petron announced that it earmarked P11 billion capital expenditures...
Leading oil firm Petron Corporation is scheduling the issuance of senior perpetual capital securities or perpetual bonds that shall be denominated in US dollars. In a disclosure to the Philippine Stock Exchange (PSE), the oil company indicated that the planned issuance has already secured the...
A provision in the newly-signed Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law or Republic Act 11534 will save the 180,000 barrels per stream day refinery of Petron Corporation from feared shutdown, because the new law will correct the “tax enforcement inequities” earlier...
Ramon S. Ang, president and CEO of the Petron Corporation, said the oil firm will continue to incur financial losses this year that would delay its recovery as the rising COVID-19 cases will again cripple demand for petroleum products. Ramon S. Ang, president and CEO of the Petron Corporation...
Life, at times, would bring existential twists. And once you are usurped by Divine prerogatives, you can either be knocked down or you can take that injunction of helping others – so they too may live on and thrive. That became the guiding light for billionaire and San Miguel Corporation...
The Congress-ratified Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act will relax the ‘tax regime’ to be enforced for operators of oil refining facilities in the country. With that re-calibrated taxation policy in the CREATE measure, it was noted that the perturbed state of...
Leading oil firm Petron Corporation rescued the country’s only petroleum refining facility from near-shutdown after securing approval on its application as registered enterprise of the Authority of the Freeport Area of Bataan (AFAB). The non-closure of its refinery business was confirmed by...
The coming New Year must usher in renewed hope, hence, Filipino households are being warned anew on the dangers of using counterfeit or illegally refilled liquefied petroleum gas (LPG) cylinders in preparing their food for the forthcoming celebrations. Following a recent raid that led to...
Over the past few days, Petron has been giving away big prizes and discounts daily through its 12 Days of Merry promo to express its thanks to all Petron Value Card (PVC) holders. On the 12 th and last day of the promo, December 25, 2020, Petron has saved the best for last. 12 lucky customers can...
Leading oil firm Petron Corporation heaves up Christmas spirit by giving away one-year fuel supply to 12 lucky customers who will be selected in its major promotional salvo for the holidays. The oil firm said the equivalent amount of the one-year fuel supply that the winners can enjoy will sum up...
The employees of Petron Corporation are pleading for support from the local government of Limay, Bataan so they can save their jobs; and they are likewise pushing for the re-classification of the 180,000 barrels-per-day refinery to become part of the Freeport Area of Bataan (FAB). The latest plan...
Parent firm San Miguel Corporation (SMC) has injected P3.0 billion equity investment in Petrogen Insurance Corporation (Petrogen), a diversification venture of oil firm Petron Corporation into the insurance sector. SMC said Petrogen is duly licensed and authorized by the Insurance Commission (IC)...
