Specials NEWS

The first Petron Philippine Overland Expedition (PHOX): Pacific Coast Challenge is looking for 30 teams to take on the crossing one of the most unchartered paths along the country’s Pacific coastline.

With a conclusive decision sounded off to stockholders, Petron Corporation has shifted ground on its earlier plan of shutting down its 180,000 barrels-per-stream-day Limay refinery.

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.

Leading oil firm Petron Corporation is scheduling the issuance of senior perpetual capital securities or perpetual bonds that shall be denominated in US dollars.

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 complained by the remaining oil refinery in the country.

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.

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.

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 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.

On the 12th and last day of its promo, Petron is giving 12 lucky customers a one-year supply of fuel equivalent to P88,000.

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 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).

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.

            Taxation is not causing oil refiners to go out of business, the Duterte administration’s chief economic managers maintained.

From mammoth losses incurred in the first semester, leading oil firm Petron Corporation bounced back with P1.63 billion net income in the third quarter of this year and that was propelled mainly by stronger performance on the retail segment of its business.

Leading oil firm Petron Corporation has warned Filipino consumers on the dangers of patronizing illegally refilled liquefied petroleum gas (LGP) cylinders, as these could cause freak accidents that would then risk lives and properties.

Filipino households will need to spend more on their cooking fuel budget this month as the price of liquefied petroleum gas (LPG) had been up by P1.00 per kilogram or an equivalent P11.00 for the standard tank.

Together with non-profit groups San Miguel Corporation (SMC) has started the distribution of free nutribuns to disadvantaged communities via feeding kiosks at identified Petron service stations.