CR03266-2017

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, 2017
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
PCOR SERIES A BONDS DUE 2021 (IN MIL PESO) 13,000
PCOR SERIES B BONDS DUE 2023 (IN MIL PESO) 7,000
TOTAL DEBT AS OF MAR 31, 2017 (IN MIL PESO-CONSO) 228,163
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:
Philippine Stock Exchange - Common and Preferred Shares; Philippine Dealing & Exchange Corp. - Series A and B Bonds
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, 2017
Currency (indicate units, if applicable) Peso (in Millions)
Balance Sheet
Period Ended
Fiscal Year Ended (Audited)
Mar 31, 2017 Dec 31, 2016
Current Assets 127,398 125,818
Total Assets 319,987 318,893
Current Liabilities 160,898 158,808
Total Liabilities 228,163 230,073
Retained
Earnings/(Deficit)
43,965 42,011
Stockholders' Equity 91,824 88,820
Stockholders' Equity - Parent 87,062 84,491
Book Value per Share 8.21 7.9
Income Statement
Current Year-To-Date
Previous Year-To-Date
Current Year
(3 Months)
Previous Year
(3 Months)
Operating Revenue 106,412 76,857 106,412 76,857
Other Revenue 267 165 267 165
Gross Revenue 106,679 77,022 106,679 77,022
Operating Expense 94,485 67,915 94,485 67,915
Other Expense 5,080 5,617 5,080 5,617
Gross Expense 99,565 73,532 99,565 73,532
Net Income/(Loss) Before Tax 7,114 3,490 7,114 3,490
Income Tax Expense 1,559 732 1,559 732
Net Income/(Loss) After Tax 5,555 2,758 5,555 2,758
Net Income Attributable to
Parent Equity Holder
5,215 2,725 5,215 2,725
Earnings/(Loss) Per Share
(Basic)
0.43 0.17 0.43 0.17
Earnings/(Loss) Per Share
(Diluted)
- - - -
Other Relevant Information

Please see attached Quarterly Report (SEC Form 17-Q) for the 1st Quarter of 2017 of the Company filed with the Securities and Exchange Commission on May 11, 2017.

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