Petron Corporation
Mandaluyong City, Metro Manila 1550, Philippines Phone: +63-2-886-3888
Fax: +63-2-884-0945
http://www.petron.com
Overview
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 32 bulk plants and terminal to more than 1,400 service stations. 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 2010 local business power player San Miguel owned 68% of Petron, and is looking to hold 90% by 2013.
Key Numbers from Hoover's UK
Key financials for Petron Corporation
| Company Type | Public (Philippine: PCOR) |
|---|---|
| Fiscal Year-End | December |
Key People from Hoover's UK
Key people and executives for Petron Corporation
| Chairman and CEO | Ramon S. Ang (Subscribers see complete biographies -- view sample)
|
|---|---|
| President and Director | Eric O. Recto |
| CFO and Head of Finance and Corporate Planning | Emmanuel E. Eraña |
