Petron Corporation · Makati, Metro Manila Philippines ·(Philippine: PCOR)
Company Description
Phone: +63-2-886-3888
Fax: +63-2-886-3064
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This link will open in a new window Petron Corporation's patrons are Filipinos. The company is the Philippines' largest oil refining and marketing company. Its refinery has a capacity of 180,000 barrels per day and produces almost 40% of the country's oil requirements. Petron distributes its products (including lubes, grease, asphalt, and specialty products) through a network of bulk plants and more than 1,200 service stations. The company was a wholly owned subsidiary of the state-owned Philippine National Oil Company until 1994. The Philippine government and Saudi Aramco each owned 40% of the company until both groups sold their stakes to private investment firm Ashmore Group in 2008. In 2009 San Miguel acquired control of Petron. To read the full description, subscribe now.
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Key Petron Corporation Financials
| Company Type | Public - Philippine: PCOR Single Location |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $0.0 |
| Employees | 1,200 |
Petron Corporation Executives
22 executives listed for Petron Corporation's Makati, Metro Manila location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Ramon Ang | Network |
| President and Director | Eric Recto | Network |
| General Manager and Head of Supply, Operations, and Refinery | Lubin Nepomuceno | Network |
Competition
Competitive Landscape for Petron Corporation
Demand for petroleum comes mainly from auto and truck use and home heating. Profitability is determined by the efficiency of operations. Most companies are local and operate a single "bulk station" (tank farm), although the large companies may operate a dozen facilities and serve several states. Large wholesale purchasers generally can negotiate bigger price discounts from suppliers and spread the cost of bulk holding facilities over a larger number of gallons. An economic recession or dramatic price fluctuations, such as those that occurred in the first half of 2008, reduce demand for gasoline. Concerns about US dependency on foreign fuel and environmental issues also impact demand. Any decline in demand can adversely affect petroleum distributors. To read the full description, subscribe now.Top Petron Corporation Competitors
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