Petron Corporation

we fuel success

PETRONS HISTORY
Socony Vacuum Oil Company of New York and
the Standard Oil Company of New Jersey
to form the Standard Vacuum Oil
1933 merged
Company or Stanvac.
Stanvac started constructing a refinery in the
province of Limay, Bataan to meet the
1957 countrys growing fuel needs.

1962

gave birth to Esso Philippines.

 the Philippine National Oil Company (PNOC)

acquired Esso Philippines at the height of the first oil
1973 crisis and renamed it Petrophil Corporation.
Petron name came from petroleum (PET) and
1988 research octane number (RON)
PNOC partnered with the worlds largest crude oil
1990 producer, Saudi Aramco, to give Petron a reliable
crude supply.

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

2009

San Miguel Corporation (SMC) started managing

Petron.

Petron was conferred with the Gold Trusted Brand Award

in the Petrol Station category by Readers Digest

2010
2011

2013

Petron Bataan Refinery celebrated its 50th anniversary

with the launch of its Expansion Project (RMP-2).

Petron acquiredExxonMobilsdownstream business

inMalaysia in with XCEL Petroleum.
Petron officially opened their Malaysian operations,
rebranding all Esso and Mobil stations acrossPeninsular
Malaysia.
Updated last august 16, 2016,
at 13:38

Petrons Board of Directors

Eduardo M.
Cojuangco, Jr.
Chairman
Since February 10,
2015

Ramon S. Ang
President, CEO &
Executive Director

Petrons Board of Directors

Lubin B.
Nepomuceno
Director &
General
Manager

Eric O. Recto
Director

Estelito P.
Mendoza
Director

Petrons Board of Directors

Jose P. De Jesus
Director

Ron W. Haddock
Director

Petrons Board of Directors

Aurora T.
Calderon
Director

Mirzan Mahathir
Director

Romela M.
Bengzon
Director

Petrons Board of Directors

Virgilio S.
Jacinto
Director

Nelly FavisVillafuerte
Director

Artemio V.
Panganiban
Independent
Director

Reynaldo G.
David
Independent

Petrons
Financial
Standing

Petron Controversies

Referendum Vs. Oil Depot Ordinance Filed

August 26, 2009

A PEOPLES INITIATIVE was filed with the Commission

on Elections (Comelec) that seeks to repeal an
ordinance allowing the continued operation of the
Pandacan oil depot as well as other medium and heavy
industries in Manila. Councilor Lourdes Isip-Garcia that
the group, led by the organizations Manileo Kontra
Abuso and Tanggulan ng mga Barangay Kagawad sa
Tondo Foreshore (TABAK-TF), filed the petition due to
the inaction of the Manila city council on the petition
against the ordinance signed by over 2,000 residents
and filed on June 23.
The petition seeks to repeal Ordinance 8187 which
mainly allowed the continued operation of the oil
depot in Pandacan by Pilipinas Shell Petroleum
Corp., Caltex Philippines (renamed Chevron
Philippines, Inc.) and Petron Corp.
Our aim is very clear. We are fighting for the

Petron hits oil smuggling

April 2, 2013
About one in every three liters of gasoline or diesel sold in the
country is smuggled, resulting in P30 billion to P40 billion in
yearly forgone revenue on the part of the government, according
to the head of the countrys biggest oil refiner. The forgone
revenue estimate is bigger than what the government expects to
generate this year from higher taxes on sin products.
Ramon S. Ang, Petron Corp. chairman and chief executive officer,
said studies from 2007 to 2011 showed that smuggled oil products
now account for at least a third of the total volume sold in the
market.
(Our) retail or service station volumes have remained flat
despite the fact that registered vehicles increased from 5.5 million
to 7.1 million over the period, Ang said in a phone interview.
On top of lost government revenue and an uncertain
investment climate in the oil industry, smugglers are cheating
consumers since these products are of uncertain quality, he said.
Ang said the uncontrolled oil smuggling in the country is tax
evasion in another form.

Oil Spill in Manila Bay

August 10, 2013

Petron Corporation has acknowledged its pipeline

in Cavite Province leaked half a million liters of diesel
fuel into Manila Bay which affected over 30 villages in
the province. Petron is the largest oil refining and
marketing company in the Philippines, supplying more
than a third of the countrys oil requirements.
We take full responsibility for this unfortunate
event, said Petron President Lubin Nepomuceno
today. We apologize and assure affected communities
that we will do our best to resolve the situation as soon
as possible.
The spill was first spotted on Thursday, August 8.
Petron management had denied that the oil leak
originated from its underwater pipeline, which
company officials said was already sealed at the time
of the oil spill incident. Coast Guard announced they
could not determine where the oil originated, as

Officials estimate 500,000 liters of

diesel fuel extend along 20 kilometers
of the coastline of Cavite Province.
Dead fish floated on the surface of the
bay and some residents became sick
from inhaling the fumes.
Clemente Bautista, national coordinator
of Kalikasan PNE, on Sunday noted that
this spill comes on the seventh
anniversary of the Guimaras oil spill
caused by Petron Corporation in Manila
Bay off the coast of Cavite.
Exactly seven years after the worst
maritime oil disaster in the Philippines
caused by Petron in the province of
Guimaras, the same oil giant has
caused a repeat performance in Manila
Bay with yet another oil spill affecting
several towns in Cavite province. Its
the same story over again: fish and
shellfish kills, affected coral reefs, and
immediate impacts on the health and
livelihood of coastal communities, said
Bautista.

Rosario gov't issues cease

and desist order vs. Petron
August 13, 2013

The municipal government of Rosario, Cavite issued a cease

and desist order against oil giant, Petron Corp., due to the oil
spill that affected four towns in the province.
"Hangga't hindi naaayos ang problema, tigil-operasyon muna
sa dagat. Inamin na nila. Nag-isyu na tayo ng cease and desist
order ngayong umaga," Ricafrente said.
The mayor said that the cease and desist order does not cover
Petron's operations in its oil depot, but said that oil from the
depot must be transported through other means that would not
require the use of the underwater pipeline, which caused the oil
spill.
In a statement issued Monday, Petron president Lubin
Nepomuceno claimed responsibility for the oil spill that has
affected 35 villages in Rosario, Naic, Tanza and Ternate towns.
At this stage, we take responsibility for this unfortunate
incident. We sincerely apologize and assure all the communities
affected that we will strive to resolve the situation at the
soonest possible time, Nepomuceno said.