SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Jun 14, 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

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, 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 2 B (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. Indicate the item numbers reported herein

Item 9

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 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Clarification of news article entitled "San Miguel to build P1-T new petrochem plant" posted in The Manila Times (Internet Edition) on June 14, 2017.

Source	The Manila Times (Internet Edition)
Subject of News Report	"San Miguel to build P1-T new petrochem plant"
Date of Publication	Jun 14, 2017

Clarification of News Report
We write in response to your request for clarification and/or confirmation of the news article entitled “San Miguel to build P1-T new petrochem plant” posted in The Manila Times (Internet Edition) on June 14, 2017. The article reported in part that: “Petron refinery expansion . . . . ‘And then we are also looking for opportunities, if possible, to expand our refinery in Malaysia,’ he added. SMC said the Petron refinery expansion will cost $800 million (P39.6 billion). And did not disclose where the funds for the expansion will be sourced. . . . .” We confirm that the statements attributed to Mr. Ramon S. Ang, President and Chief Executive Officer of the Company, as reported in the above-quoted article, were given by him to the reporters on the sidelines of the annual stockholders’ meeting of San Miguel Corporation held on June 13, 2017. Further to the above and our disclosure on the same matter dated May 15, 2017, we advise that the Company is reviewing and evaluating the possible expansion of the refinery in Malaysia. Appropriate disclosures shall be made to the Exchange in the event such expansion of the Malaysian refinery is pursued and implemented.
Other Relevant Information
Please see attached letter dated June 14, 2017.