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Home > Company Index > Energy > Integrated Oil & Gas > Petron Corporation

Petron Corporation
 PROFILE
Petron Corporation's patrons are Filipinos. The company is the Philippines' largest oil refining and marketing company. Its refinery -- with a capacity of 180,000 barrels per day -- is one of the largest in the Philippines and produces 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 service stations. Diversifying into petrochemicals, Petron has built a xylene-recovery plant. The company was a wholly owned subsidiary of the state-owned Philippine National Oil Company until 1994; now the Philippine government and Saudi Aramco each own 40% of the company.

 COMPETITION
Caltex (Philippines) Inc. (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 1,755.80
1-Yr. Sales Growth: 14.3%
Employees: 1,292
Revenue per employee: $1,358,978.33

 KEY PEOPLE
• Motassim A. Al-Ma'Ashouq
    CEO
• Antonio G. Pelayo
    CFO

 CONTACT INFO
Petron MegaPlaza, 358 Sen. Gil Puyat Ave.
Makati City 1200, Philippines
Phone: 63-2-886-3888
Fax: 63-2-886-3064
Online: Web Site

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