Petron H1 profit drops 27% as ME conflict lifts costs
Petron Corp.’s first-half 2026 net income fell 27% to P3.8 billion as Middle East tensions drove up crude, import premiums and freight costs, squeezing margins…
· 2 MIN READ
Topic
Petron ₱32 billion fundraising
Latest Daily Tribune news and analysis on Petron ₱32 billion fundraising.
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…
· 2 MIN READ
Petron profit fall 56% to P1.8B on refinery shutdowns, oil shock
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,…
· 2 MIN READ
DoE scrambles for Petron supply
The Philippine Department of Energy (DoE) is seeking US approval to expand access to Russian crude oil amid global supply disruptions caused by the Strait of…
· 2 MIN READ
Petron secures Russian crude to shield fuel supply until June
Petron Corp. procures 2.48 million barrels of Russian crude amid Middle East supply disruptions, ensuring Philippine petroleum inventories under the national…
· 1 MIN READ
After Senate spat, Ang offers to sell Petron to gov’t
San Miguel CEO Ramon Ang offers to sell Petron to the government amid the fuel crisis, as lawmakers question oil firms over alleged profiteering and rising…
· 3 MIN READ
RSA pushes gov’t to decide on Petron takeover
Ramon S. Ang urges the government to consider taking over Petron Corp., the Philippines' only oil refinery, amid a national energy crisis. Ang emphasizes the…
· 2 MIN READ
‘Gov’t can buy Petron if it can run it better’ — RSA
Ramon Ang, CEO of San Miguel Corp., offers to sell Petron Corp. to the government if it can manage the oil giant better amid rising fuel prices. Discover the…
· 2 MIN READ
Petron nets P15.6B in record 2025 performance
Petron Corp. posted a record P15.6B net income in 2025, up 84% from 2024, driven by higher domestic sales, improved refinery output in the Philippines and…
· 1 MIN READ
Petron nets P15.6B in record 2025 performance
· 1 MIN READ
Domestic demand fuels Petron profit
· 1 MIN READ
2025 DOE Fuel EcoRun to kickoff
The 2025 DOE-Petron Fuel EcoRun, happening on 24 September 2025 along a designated stretch of the Tarlac-Pangasinan-La Union Expressway (TPLEX), is set to take…
· 1 MIN READ
Costly Petron refinance plan raises red flags
Petron Corp., led by tycoon Ramon Ang, secures nearly 70% participation in its $550M perpetual securities exchange and tender offer in Singapore, boosting…
· 3 MIN READ
Petron caps P50-B bond float with strong backing
‘The strong response underscores not only the success of another fundraising initiative but also the confidence investors have in our long-term vision.’
· 2 MIN READ
Petron caps P50B bond program with strong investor backing
Petron Corporation raised ₱32 billion from its latest bond issuance, completing its ₱50-billion SEC-approved shelf registration. The offering was…
· 2 MIN READ
Petron's P390 million tax refund okayed
The Court of Tax Appeals affirms Petron’s entitlement to a P394.77 million tax refund, rejecting the BIR’s petition. The refund relates to excise taxes on…
· 2 MIN READ
Petron’s profit last year down 16 percent
· 2 MIN READ