Petron for Accounting

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Petron

Corporation

Philippines

Welcome to the largest oil company in the Philippines, Petron Corporation

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Mission-Vision and Values

To be the leading provider of total customer solutions in the energy sector and its

derivative businesses. We will achieve this by: 

- Being an integral part of our customers' lives, delivering consistent customer 

experience through innovative products and services;

- Developing strategic partnership in pursuit of growth and opportunity;

- Leveraging 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;

- Promoting the best interest of all our stakeholders.

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.

- February 3, 1994, PNOC and Aramco Overseas Company BV signed a share

purchase agreement that gave both a 40% stake in Petron. The remaining 20% of 

Petron shares were sold to the public.

- 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.

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Management Profile

Ramon S. Ang - Chairman and CEO

Eric O. Recto - President

Emmanuel E. Eraña - Senior Vice President and Chief Financial Officer 

Ramon V. Del Rosario - Vice President, Retail Marketing

Miguel V. Angeles - Vice President, Commercial Marketing

Rowena O. Cortez - Vice President, Supply

Peter Paul V. Shotwell - Vice President, Depot and Plan

Susan Y. Yu - Vice President, Procurement

Freddie P. Yumang - Vice President, Refinery

Ma. Concepcion M. Menorca - Vice President, Controllers

Albert S. Sarte - Vice President, Treasurer 

Industrial Profile

- PETRON CORPORATION is the largest oil refining and marketing company in

the Philippines. Supplying nearly 40%of the country’s oil requirements.

- 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 over 1,400 service station situated all over the

country

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- Petron operates a world-class lube oil blending plant at PandacanTerminal and

operates a blending plant in Subic Bay

- Pandacan plant: manufacture lubes and greases

- Subic Bay plant: produces fuel additives to increase the efficiency of our widely-

acclaimed fuels

Vertical Analysis

Financial statement

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Vertical Analysis

Income statement

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Horizontal Analysis

Financial Statement

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Horizontal Analysis

Income Statement

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