Top Line Business Development Corp. has tapped investment banks to arrange a preferred share offering as the company returns to capital markets after its 2025 stock market debut.
Motorists searching for the best value at the pump are increasingly finding it at stations operated by Petron, Flying V, and SeaOil, which are keeping prices among the lowest in several monitored areas even as global oil tensions push fuel supply costs higher.
Petron Corp. posted a 12-percent rise in consolidated revenue to P657.93 billion, driven by a 12-percent increase in sales volume to 104.4 million barrels.
Fuel giant Shell Pilipinas Corp. saw net income in 2023 plummet by 71 percent to Php1.2 billion on weaker sales and heightened borrowing costs, alongside losses from inventory holdings due to fluctuating global oil prices.