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Petron Confirms Co Is Reviewing Sale Of Power Plant In Limay
Petron Corp Posts HY Net Income Of 2.6 Billion Pesos
Petron Corp Confirms It Put On Hold Planned Expansion Of Bataan Refinery
Petron Corporation (Petron) is a Philippines-based company is engaged in the refining of crude oil and the marketing and distribution of refined petroleum products. The Company sells a range of refined petroleum products, including gasoline, liquefied petroleum gas (LPG), diesel, jet fuel, kerosene, asphalts and petrochemicals (benzene, toluene, mixed xylene, propylene and polypropylene). It exports naphtha and petrochemicals. Petron sells its products through an across the nation network of service stations, LPG dealerships and lube outlets, and to industrial end-users and bulk off-takers. It holds franchises of local food chains, leases space to other consumer services, food kiosks and restaurants. The Company has developed various specially formulated products, such as Petron Fully Synthetic 5W-40 API CJ-4/SN and Petron Dual Clutch Transmission Fluid. Petron's bulk petroleum products are refined from crude oil at the Petron Bataan Refinery in Limay, Bataan.
Oil & Gas Operations
SMC Head Office Complex
40 San Miguel Avenue, 1550
Eduardo M. Cojuangco
Non-Executive Chairman of the Board
Ramon S. Ang
President, Chief Executive Officer, Executive Director
Emmanuel E. Erana
Senior Vice President, Chief Finance Officer
Freddie P. Yumang
Senior Vice President - Operations for Refinery Division
Joel Angelo C. Cruz
Vice President, General Counsel, Corporate Secretary, Compliance Officer
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The Philippines' energy ministry has told oil companies to sell a cheaper but dirtier type of diesel oil to motorists to fight inflation, backing away from a two-year-old regulation that banned its use to improve air quality.
* Double-digit profit growth in beer, food, liquor and petroleum units
Southeast Asian stocks ended largely flat on Thursday as investors fretted about the simmering tensions between the United States and North Korea, even as the previous day's rush to safe-haven assets appeared to slow. Risk appetite in the region took a hit after North Korea...
Singapore shares fell more than 1 percent on Tuesday, led by industrials, while expectations of extended crude supply cuts lifted oil stocks on the Thai index. Industrial stocks in Singapore faced a big selloff, with heavyweight Jardine Matheson falling as much as 6.7 percent...
Philippine shares rose 1.5 percent on Monday, extending gains into a third session, buoyed by the government's tax reform plans and upbeat corporate results. The country's finance Secretary laid out an ambitious tax reform agenda that would raise fuel taxes, lower corporate...
-- Note: Reuters has not verified this story and does not vouch for its accuracy.
* Units executed agreements for acquisition and purchase by Petron from SMC PowerGen of 140 MW solid fuel-fired power plant
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.