Company type | Public Subsidiary |
---|---|
PSE: PCOR | |
Industry | Oil and Gas |
Founded | September 7, 1933Standard Vacuum Oil Company (Philippines)) | (as
Headquarters |
|
Area served | Philippines Malaysia[1] |
Key people |
|
Products | Oil Natural gas Oil refining |
Revenue | 287.08 billion PHP (2020) |
-16.21 billion PHP (2020) | |
-11.41 billion PHP (2020) | |
Total assets | 349.73 billion PHP (2020) |
Total equity | 86.2 billion PHP (2020) |
Number of employees | 9,236 nationwide (2019) |
Parent | San Miguel Corporation (68.26%)[3] |
Website | www |
Petron Corporation is the largest oil refining and marketing company in the Philippines,[4] supplying more than a third of the country's oil requirements. It operates a refinery in Limay, Bataan with a rated capacity of 180,000 barrels per day (29,000 m3/d). From the refinery, Petron moves its products mainly by sea to 32 depots and terminals throughout the country.