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Petron Q1 profit drops amid Middle East tensions

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  Mhike Cigaral / 2 weeks
• 0
• 1 min read

Petron Corporation, the country’s largest oil firm and only remaining refiner, posted a net income of P1.8 billion for the first quarter of 2026, marking a sharp 56% decline compared to the same period last year.   The company attributed the drop in earnings primarily to reduced refinery production, which significantly impacted its overall output […]