Tycoon Ramon S. Ang-led Petron Corp. secured a major legal victory as the Supreme Court denied with finality the state-run Philippine National Oil Co.'s (PNOC) motions over disputed landholdings, cementing Petron’s claim to strategically vital properties.
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.
Tycoon Ramon S. Ang-led Petron Corp. saw operating earnings increase 8 percent to P17.3 billion as revenues jumped 21 percent to P444.5 billion, a statement on Tuesday showed.