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 shelf registration
Latest Daily Tribune news and analysis on Petron shelf registration.
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