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,...
Ramon Ang-led oil firm Petron Corporation has reported a 16 percent year-on-year drop in its net income to ₱8.47 billion in 2024.In a statement on Tuesday, March 4, Petron noted that its operating income declined to ₱29.2 billion last year from ₱30.7 billion in 2023.Its revenues, on the other...
San Miguel Corp. (SMC) head honcho Ramon S. Ang projects continued growth and success for the conglomerate in 2025, building on its recent recognition by TIME magazine.SMC and its subsidiaries, Petron Corp. and Ginebra San Miguel Inc., were all recognized among the top 500 companies in the Asia...
Petron Corporation has filed an application with the Energy Regulatory Commission (ERC) to connect its refinery power plant to a National Grid Corporation of the Philippines (NGCP) substation.According to documents released by the ERC on Jan. 22, Petron submitted its request through the Energy...
State-run Philippine National Oil Company (PNOC) has firmly stipulated in a motion for reconsideration filed with the Supreme Court that the exclusion of land assets from the Petron Corporation shares sale is not just a legal and Constitutional nuance but a safeguard of sovereign assets, shielding...
Petron Corporation reported a decline in net income for the first nine months of 2024, as challenges in the international oil market persisted, despite achieving revenue and sales growth.In a statement on Tuesday, Petron reported that its net income dropped to P7.1 billion in the first nine months...
Leading oil firm Petron Corporation has successfully raised P16.83 billion from its preferred shares offering, which was rated to have been 1.3 times oversubscribed versus initial target.“The proceeds from the offer will be used to redeem the company’s Series 3A Preferred Shares and fund general...
Petron Corporation, the San Miguel group’s oil and gas subsidiary, has set the initial dividend rate for the P17 billion worth of preferred shares that will be issued after a follow-on offering.In a disclosure to the Philippine Stock Exchange, the firm said the initial dividend rate is 6.8364...
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), but...
