Petron Corp. defied softer global oil prices as its net income surged 37 percent to P9.7 billion in the first nine months of 2025, driven by higher domestic sales, lower costs, and stronger refinery efficiency.
Petron Corp. has scored a first in the oil industry after being accredited by the Department of Energy (DOE) as an official training institution for the liquefied petroleum gas (LPG) sector.
Tycoon Ramon S. Ang-led Petron Corp. convinced nearly 70 percent of holders of its $550-million perpetual securities to join an exchange and tender offer in Singapore, a move that underscores investor backing for its capital restructuring plan.
Petron Corp. has raised P32 billion through its latest bond offering, signaling strong investor support as it wraps up a multi-year P50-billion capital program.
The staggered price increase is intended to ease immediate inflationary pressure, especially on transport and agriculture sectors, according to the Department of Energy.
Petron Corporation posted a net income of P4.03 billion in the first quarter of 2025, holding steady despite lower global oil prices and weaker export sales.
Energy giant Petron Corp. has appointed Jacqueline L. Ang to its board of directors, bringing in a new generation leader with deep experience in procurement and finance.
Tycoon Ramon S. Ang-led Petron Corp. ended 2024 with solid growth, expanding its local and international reach despite market challenges. Revenues rose 8 percent to P867.97 billion, driven by higher sales and efficiency gains.