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)

May 16, 2018

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 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, 2018 (IN MIL PESO-CONSO)	246,856

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 "Petron allots P15B for network expansion, refinery upgrade" posted in BusinessWorld Online on May 16, 2018.

Source	BusinessWorld Online
Subject of News Report	"Petron allots P15B for network expansion, refinery upgrade"
Date of Publication	May 16, 2018

Clarification of News Report
We write in response to your request for clarification and/or confirmation of the news article entitled “Petron allots P15B for network expansion, refinery upgrade” posted in BusinessWorld Online on May 16, 2018. The article reported in part that: “PETRON CORP. is setting aside this year a capital expenditure of P15 billion to cover its network expansion and refinery improvement, company officials said on Tuesday. Of the amount, P10 billion is for Philippine operations, while the rest is for operations in Malaysia, said Emmanuel E. Eraña, Petron senior vice-president and chief finance officer. ‘[For the Philippines] two-thirds is mostly network expansion. The remaining is [for the] refinery [improvement],’ Mr. Eraña told reporters after the company’s annual stockholders’ meeting at Valle Verde Country Club in Pasig City. . . . .” We confirm that the statements attributed to Petron’s Senior Vice President and Chief Finance Officer, Mr. Emmanuel E. Eraña, as reported in the above-quoted article, were given by him to reporters in an interview after the Company’s annual stockholders’ meeting held yesterday, May 16, 2018, at Valle Verde Country Club, Pasig City.
Other Relevant Information
Please see attached letter dated May 16, 2018.