Petron profit falls 56% to P1.8B on shutdowns, oil shock
Petron Corp. reported a 56% drop in first-quarter net income to P1.8 billion, as refinery disruptions and surging global oil prices driven by Middle East…
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10,657 results for “multinational oil profits”
Petron Corp. reported a 56% drop in first-quarter net income to P1.8 billion, as refinery disruptions and surging global oil prices driven by Middle East…
Petron Corp.’s Q1 2026 net income plunged 56% to P1.8B as refinery shutdowns in the Philippines and Malaysia, plus a Middle East-driven oil price surge,…
PetroEnergy Resources Corp. (PERC) posted lower 2025 profit as higher loan costs and weaker oil revenues hit earnings, even as total revenues rose on stronger…
Marcelino Libanan urges a probe into fuel overpricing, calling on Department of Energy and Department of Justice to act under the Deregulation Law.
House Minority Leader Marcelino Libanan urges the DOE-DOJ task force to crack down on alleged oil profiteers and investigate excessive fuel price hikes amid a…
He said recovered funds could be redirected to drivers and operators to ease their burden.
DOE Secretary Sharon Garin says the government is securing oil supply through PNOC while intensifying monitoring of fuel firms to prevent hoarding and ensure…
When your increase is nearly twice that of your peers, the market is no longer merely reacting — it is extracting. Cha-ching!
The Philippine National Police intensifies market patrols to combat hoarding and profiteering amid rising oil prices due to Middle East tensions. Learn how…
Nearly three years after the MT Princess Empress oil spill in Verde Island Passage, affected communities in Oriental Mindoro file a class suit seeking…
British energy giant Shell reports a significant 17% decline in annual net profit to $16.1 billion, citing lower oil prices and asset write-offs, while…
The US Coast Guard and Philippine Coast Guard recently held a multinational maritime security training in Davao City to enhance cooperation and capabilities…
Filinvest REIT Corp. (FILRT) leverages the influx of multinational tenants in Northgate Cyberzone, Alabang, to drive growth. With new leases and expansions…
Does it not seem odd that oil-polluting multinationals finance anti-pollution projects?