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
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Latest Daily Tribune news and analysis on Petron underground tank leak.
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
Aboitiz InfraCapital Bohol Airport Corp. has selected Petron as its top-ranked partner with exclusive right to design, construct, operate and maintain the…
· 2 MIN READ
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 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
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 Corp. procures 2.48 million barrels of Russian crude amid Middle East supply disruptions, ensuring Philippine petroleum inventories under the national…
· 1 MIN READ
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
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
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 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
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