Petron Corporation
Logo since 1998 | |
| Company type | Public Subsidiary |
|---|---|
| PSE: PCOR | |
| Industry | Oil and Gas |
| Founded | September 7, 1933 (as Standard Vacuum Oil Company (Philippines)) |
| Headquarters |
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Area served | Philippines Malaysia |
Key people |
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| Products | Oil Natural gas Oil refining |
| Revenue | 287.08 billion PHP (2020) |
| -16.21 billion PHP (2020) | |
| -11.41 billion PHP (2020) | |
| Total assets | 349.73 billion PHP (2020) |
| Total equity | 86.2 billion PHP (2020) |
Number of employees | 9,236 nationwide (2019) |
| Parent | San Miguel Corporation (68.26%) |
| Website | www |
Petron Corporation is one of the largest oil companies in the Philippines, supplying more than a third of the country's oil requirements. It operates a refinery in Limay, Bataan with a rated capacity of 180,000 barrels per day (29,000 m3/d). From the refinery, Petron moves its products mainly by sea to 32 depots and terminals throughout the country.It is the sole oil refiner in the country after Pilipinas Shell exited the refining business.