CR03450-2016

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-Q

QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES
REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER

1. For the quarterly period ended
Mar 31, 2016
2. SEC Identification Number
31171
3. BIR Tax Identification No.
000-168-801
4. Exact name of issuer as specified in its charter
PETRON CORPORATION
5. Province, country or other jurisdiction of incorporation or organization
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
San Miguel Head Office Complex, 40 San Miguel Avenue, Mandaluyong City Postal Code 1550
8. Issuer's telephone number, including area code
63 2 886-3888, 884-9200
9. Former name or former address, and former fiscal year, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON (PCOR) 9,375,104,497
PREFERRED SERIES 2A (PRF2A) 7,122,320
PREFERRED SERIES 2B (PRF2B) 2,877,680
TOTAL DEBT AS OF MARCH 31, 2016 (IN MILLIONS) 202,545
11. Are any or all of registrant's securities listed on a Stock Exchange?
Yes
No
If yes, state the name of such stock exchange and the classes of securities listed therein:
Philippines Stock Exchange - Common and Preferred Shares
12. Indicate by check mark whether the registrant:

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of the Corporation Code of the Philippines, during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)

Yes
No
(b) has been subject to such filing requirements for the past ninety (90) days
Yes
No

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Petron CorporationPCOR

PSE Disclosure Form 17-2 - Quarterly Report References: SRC Rule 17 and
Sections 17.2 and 17.8 of the Revised Disclosure Rules

For the period ended Mar 31, 2016
Currency (indicate units, if applicable) Peso (In Millions)
Balance Sheet
Period Ended
Fiscal Year Ended (Audited)
Mar 31, 2016 Dec 31, 2015
Current Assets 108,135 115,725
Total Assets 286,925 294,267
Current Liabilities 120,452 126,579
Total Liabilities 202,545 211,167
Retained
Earnings/(Deficit)
41,258 41,712
Stockholders' Equity 84,380 83,100
Stockholders' Equity - Parent 82,997 82,629
Book Value per Share 7.78 7.7
Income Statement
Current Year
(3 Months)
Previous Year
(3 Months)
Current Year-To-Date
Previous Year-To-Date
Operating Revenue 76,857 86,744 76,857 86,744
Other Revenue 165 259 165 259
Gross Revenue 77,022 87,003 77,022 87,003
Operating Expense 67,915 80,987 67,915 80,987
Other Expense 5,617 5,721 5,617 5,721
Gross Expense 73,532 86,708 73,532 86,708
Net Income/(Loss) Before Tax 3,490 295 3,490 295
Income Tax Expense 732 38 732 38
Net Income/(Loss) After Tax 2,758 257 2,758 257
Net Income Attributable to
Parent Equity Holder
2,725 77 2,725 77
Earnings/(Loss) Per Share
(Basic)
0.17 -0.1 0.17 -0.1
Earnings/(Loss) Per Share
(Diluted)
- - - -
Other Relevant Information

Please see attached Quarterly Report (SEC Form 17-Q) for the 1st Quarter of 2016 filed with the Securities and Exchange Commission on May 12, 2016.

Filed on behalf by:
Name Jhoanna Jasmine Javier-Elacio
Designation Legal Manager and Assistant Corporate Secretary