Petron Q1 profit drops amid Middle East tensions

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 […]

Petron posts record P15.6-B net income in 2025, up by 84%

Petron Corporation closed 2025 with its strongest financial performance to date, posting a consolidated net income of P15.6 billion, up 84 percent from the P8.5 billion recorded in 2024.   In a statement, the country’s largest oil refiner and fuel retailer attributed the surge in earnings to stronger sales volumes, improved refining margins, and enhanced […]