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DECANO
MKAC401
DR. ARCEGA
oil,
and
In February 1988, Petrophil was rechristened Petron Corporation. Petron came from
petroleum (PET) and research octane number (RON). Amid the most difficult and trying times
that the country faced, including the Gulf War of 1991, Petron readily worked hand-in-hand with
the national government in ensuring an uninterrupted and reliable supply of petroleum products.
DEVELOPMENT
The 1990s saw the full deregulation of the local oil industry. In preparation for this, the
Philippine National Oil Company (PNOC) partnered with the worlds largest crude oil producer,
Saudi Aramco, to give Petron a reliable crude supply and access to state-of-the art refining and
marketing technology.
In 2000, Petron marked its diversification into the petrochemical business by constructing
units that allowed the production of raw materials to make everyday products such as car parts,
home appliances, food packaging, and plastic containers among others.
To give motorists a one-stop full service experience, Petron partnered with leading fast
food chains and consumer-service companies to make its service stationsparticularly its mega
stations or Petron Express Centersa travelers oasis. Petron also introduced various automotive
fuels that meet the unique requirements of the motoring community, such as Petron XCS, Petron
Diesel Max, and Petron Blaze.
Currently, as a public company listed on the Philippine Stock Exchange, Petron is owned
by Philippine food and beverage giant San Miguel Corporation (SMC) with a 51% stake while
Ashmore Group owns 40%. The remaining shares--about 9% are held by the public.
DISTRIBUTION
The 180,000 barrel-per-day refinery converts crude oil into various petroleum products
and petrochemical feedstock. From the refinery, Petron ferries their products in 32 Petron depots
and terminals nationwide via barges and marine vessels. From its depots and terminals, products
are delivered via a modern fleet of tank trucks. Products are distributed among industrial
consumers and retail network. Petron fuels essential industries such as power generation,
manufacturing, transport, agriculture, etc. that power the nation forward.
VISION
To be the leading provider of total customer solutions in the energy sector and its
derivative businesses.
MISSION
Being an integral part of our customers' lives, delivering consistent customer experience
through innovative products and services;
Developing strategic partnerships in pursuit of growth and opportunity;
Leveraging on our refining assets to achieve competitive advantage;
Fostering an entrepreneurial culture that encourages teamwork, innovation, and
excellence;
Caring for community and the environment;
Conducting ourselves with professionalism, integrity, and fairness; and
Promoting the best interest of all our stakeholders.
PRODUCTS AND SERVICES
As a Filipino Company, Petron has a unique understanding of the local market. Thus,
each of their products has been especially formulated to meet the needs and lifestyle of the
consumers.
PRODUCTS
Automotive Fuels
SERVICES
Petron Car Care Center
Automotive Lubricants
Petron Metrocenter
Polypropylene