Petron 2016 Sales Hit Record Highs; Net Income Reaches PhP10.8B

Mandaluyong—(PHStocks)—The Philippines’ largest oil refining and marketing company Petron Corp. (PSE: PCOR) sustained its strong performance posting a consolidated net income of PhP10.8 billion in 2016, a 73% increase from the previous year’s earnings of PhP6.3 billion. The company’s robust performance was driven by record sales volumes, operational efficiency with increased crude run at higher […]
Continue reading…

 

Petron Sustains Momentum, Posts PhP7.4B Income in 9M 2016

Mandaluyong—(PHStocks)—The Philippines’ leading oil company Petron Corp. (PSE: PCOR) sustained its momentum posting a consolidated net income of PhP7.4 billion in the first three quarters of 2016 or a growth of 47% from the previous year’s earnings of PhP5.1 billion over the same period. Petron’s solid performance was fueled by sales volume growth due to […]
Continue reading…

 

Amid Weak Oil Prices, Petron Income Reaches PhP6.3B in 2015

Mandaluyong—(PHStocks)—Despite the slump in global oil prices, the Philippines’ leading oil refining and marketing company Petron Corp. (PSE: PCOR) reported a consolidated net income of PhP6.3 billion in 2015, more than double the previous year’s earnings of PhP3 billion. This was driven by a surge in sales volumes, better refining margins, and effective risk management. […]
Continue reading…

 

Petron Post H1 Revenues of PhP218.8B

Mandaluyong—(PHStocks)—Petron Corporation (PSE: PCOR) reported a 22% increase in first half sales volumes, at 39.8 million barrels of petroleum sold from 32.5 million barrels in 2012, due to the full consolidation of its Malaysian operations and the stronger performance of key domestic segments. Because of higher sales volumes, Petron posted revenues of PhP218.8 billion for […]
Continue reading…

 

Petron Builds 1,000th Service Station

Makati—(PHStocks)—Leading oil refining and marketing company Petron Corporation (PSE: PCOR) marked another milestone as it recently built its 1,000th service station under its four-year old network expansion program, bringing the total number of Petron stations in the country to nearly 2,100. The 1,000th Petron service station under the program is located in Guiuan, Samar. Building […]
Continue reading…

 

San Miguel Lists PhP80B Preferred Shares

Mandaluyong—(PHStocks)—Diversifying conglomerate San Miguel Corp. (PSE: SMC) has listed PhP80 billion worth of preferred shares, the country’s biggest to date, at the Philippine Stock Exchange Inc. (PSE). The landmark capital-raising activity successfully attracted retail as well as institutional investors seeking higher yields in low-interest environment. “Our presence today points to our company’s commitments as an […]
Continue reading…