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Petron Corporation

Company Description
Petron Corporation (PCOR) was incorporated on December 22, 1966 as Esso Philippines, Inc. (Esso) and later renamed to Petrophil Corporation (Petrophil) when the Philippine National Oil Company (PNOC) acquired Esso. In 1985, Petrophil and Bataan Refinery Corporation were merged, with Petrophil as the surviving corporation. Petrophil changed its corporate name to the present one in 1988.

PCOR's principal business involves the refining of crude oil and the marketing and distribution of refined petroleum products including gasoline, naphtha, LPG, diesel, jet fuel, kerosene, and petrochemicals. The Company's refinery is located in Limay, Bataan with a crude distillation capacity of 180,000 barrels a day. PCOR also manufactures lubricants and greases through its blending plant in Pandacan, Manila.

PCOR has more than 2,400 retail service stations nationwide. The Company sells gasoline, diesel, kerosene, and auto-LPG to motorists and to the public transport sector. The Company also sells its LPG brands "Gasul" and "Fiesta" to households and other consumers through a dealership network.

As of December 31, 2018, PCOR's direct subsidiaries include New Ventures Realty Corporation; Petrogen Insurance Corporation; Overseas Ventures Insurance Corporation Ltd.; Petron Freeport Corporation; Petron Marketing Corporation; Limay Energen Corporation; Petron Singapore Trading Pte. Ltd.; Petron Global Limited; Petron Finance (Labuan) Limited; Petrochemical Asia (HK) Limited; and Petron Oil & Gas Mauritius Ltd.

Source: SEC Form 17-A (2018)
Security Information
Sector Industrial
Subsector Electricity, Energy, Power & Water
Corporate Life 50
Incorporation Date 22-Dec-66
Number of Directors 15
Stockholders' Meeting as per By-Laws Third Tuesday of May
Fiscal Year 12/31 (Month/Day)
External Auditor R.G. Manabat & Co.
Transfer Agent SMC Stock Transfer Service Corporation
Contact Information
Business Address SMC Head Office Complex, 40 San Miguel Avenue, 1550 Mandaluyong City
E-mail Address
Telephone Number (632) 8884-9200
Fax Number (632) 8884-0953