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Corporation
Philippines
To be the leading provider of total customer solutions in the energy sector and its
derivative businesses. We will achieve this by:
Corporate Evolution
Petron Corporation's over 75 years of existence in the Philippines is a further testament
to its commitment to providing quality products and services.
- September 3, 1933, the Socony Vacuum Oil Company of New York and the
Standard Oil Company of New Jersey formed the Standard Vacuum Oil
Company (Stanvac)
- 1960’s, End of venture and split the marketing and refining interests of the
company between Esso and Mobil.
- May 2008, he Ashmore Group acquired Aramco’s 40% stake in Petron. Following
a mandatory tender offer, an additional 10.57% was acquired by the London-
based fund.
Management Profile
Ramon S. Ang - Chairman and CEO
Industrial Profile
- Petron operates a refinery in Limay, Bataan. From the refinery, we move our
products mainly by sea to our 32 depots and terminaland distribute the
products to consumers through over1,400 service station situated all over the
country
- Petron operates a world-class lube oil blending plant at PandacanTerminal and
operates a blending plant in Subic Bay
- Subic Bay plant: produces fuel additives to increase the efficiency of our widely-
acclaimed fuels
Vertical Analysis
Financial statement
Vertical Analysis
Income statement
Horizontal Analysis
Financial Statement
Horizontal Analysis
Income Statement