Petron Corporation is the largest oil refining and marketing company in the Philippines, supplying over a third of the country's oil requirements. Established in 1933, Petron operates a refinery in Limay, Bataan, with a capacity of 180,000 barrels per day, producing a comprehensive range of petroleum products. The company's mission is to be the leading provider of total customer solutions in the energy sector and its derivative businesses.
Key Strategic Focus
Petron's strategic focus encompasses refining crude oil into various petroleum products, including gasoline, diesel, liquefied petroleum gas (LPG), jet fuel, and lubricants. The company operates an extensive retail network of over 1,200 service stations across the Philippines, catering to both retail and industrial customers. Petron has also expanded its presence in Malaysia, operating an 88,000 barrel-per-day refinery in Port Dickson and a retail network of more than 750 service stations.
Financials and Funding
In 2024, Petron reported revenues of ₱868 billion, with a gross profit of ₱60.2 billion and a net income of ₱8.5 billion. The company's assets were valued at ₱349.73 billion, with equity amounting to ₱86.2 billion.
Technological Platform and Innovation
Petron's Bataan Refinery is considered one of the most advanced facilities in the region, processing crude oil into various petroleum products. The company also operates a lube oil blending plant in Tondo, Manila, producing a premium line of engine oils that meet or exceed global standards.
Leadership Team
- Ramon S. Ang: Chairman, President, and CEO since 2009.
- Lubin B. Nepomuceno: General Manager and Director since 2009.
- Emmanuel E. Eraña: Senior Vice President and Chief Financial Officer since 2008.
Competitor Profile
Petron's primary competitors include Shell, Caltex (Chevron), and Phoenix Petroleum. Shell and Caltex are major international oil companies operating in the Philippines, while Phoenix Petroleum is a significant domestic player. These competitors offer similar products and services, contributing to a competitive market landscape.
Strategic Collaborations and Partnerships
Petron is a subsidiary of San Miguel Corporation, one of the largest and most diversified conglomerates in the Philippines. This affiliation provides Petron with strategic advantages in terms of resources, market reach, and operational synergies.
Operational Insights
Petron's extensive distribution network, advanced refining capabilities, and strong brand presence position the company as a leader in the Philippine oil industry. The company's commitment to innovation and customer-centric solutions further strengthens its competitive edge.
Strategic Opportunities and Future Directions
Petron aims to expand its market presence in the region, particularly in Malaysia, and continue investing in technological advancements to enhance product offerings and operational efficiency. The company is also focused on sustainability initiatives to minimize environmental impact and promote responsible energy consumption.
Contact Information
- Website: [www.petron.com](http://www.petron.com)
- Headquarters: San Miguel Head Office Complex, 40 San Miguel Avenue, Mandaluyong, Philippines
