Petron Company Description
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 Aramco sold its stake to private investment firm the Ashmore Group in 2008.
View the Comprehensive Company Description for Petron
The Company Description provides a historical perspective of Petron's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Petron's evolution in the marketplace.
