Petron Corporation

Submitted by:

Allyssa Mae P. Mospa

Submitted to:

Vicky G. Arquero

Adviser
Petron Corporation is the largest oil refining and marketing company in the Philippines and is a
leading player in the Malaysian market. We have a combined refining capacity of nearly 270,000
barrels-per-day, producing a full-range of premium fuels and petrochemicals to fuel the lives of
millions of Filipinos and Malaysians. Leading through partnership and innovation, we power
industries, drive economic growth, and fuel the future.

Here in the Philippines, we supply nearly 40% of the country’s total fuel requirements through
the operation of our 180,000 barrel-per-day oil refinery in Bataan. Considered one of the most
advanced facilities in the region, our refinery processes crude oil into a full range of petroleum
products including gasoline, diesel, LPG, jet fuel, kerosene and petrochemicals.

From Bataan, we move our products mainly by sea to nearly 30 terminals located across the
archipelago. Through our robust distribution network, we fuel strategic industries such as power
generation, manufacturing, mining, agribusiness, among others. Petron also supplies jet fuel at
key airports to international and domestic carriers.

Through 2,400 service stations – the most extensive in the country – we retail gasoline, diesel,
and autoLPG to motorists and the public transport sector. Our wide range of world-class fuels
includes Blaze 100 Euro 6, XCS, Xtra Advance, Turbo Diesel and Diesel Max. We also sell our
LPG brands Gasul and Fiesta Gas to households and commercial consumers through an
extensive retail network.

We source our fuel additives from our blending facility at the Subic Bay Freeport. This gives us
the unique capability to formulate additives suited for Philippine driving conditions.

We have partnered with popular food and service locator chains to give our customers a one-
stop, full-service experience. We have San Mig Food Ave. stores in select stations that offer a
wide variety of food, beverages, and personal items. We also re-launched our Treats convenience
stores for motorists-on-the-go.

In line with our efforts to increase our presence in the region, we continue to expand our business
in Malaysia, which comprises integrated refining, distribution, and marketing. We operate an
88,000 barrel-per-day refinery in Port Dickson, 11 storage facilities and a retail network of 600
service stations.
As part of the San Miguel Group – one of the largest and most diversified conglomerates in the
Philippines – we are committed to expand and grow our business to ensure that we have a
positive impact in markets where we are present.

We are guided by our vision “to be the leading provider of total customer solutions in the energy
sector and its derivative businesses.”

History

Petron traces its rich heritage to September 7, 1933 when Socony Vacuum Oil Company of New
York and the Standard Oil Company of New Jersey merged to form the Standard Vacuum Oil
Company or Stanvac. After suspending operations in World War II, Stanvac promptly resumed
its operations in 1945 and helped rebuild a newly-independent nation.

In 1957, Stanvac started constructing a refinery in the province of Limay, Bataan to meet the
country’s growing fuel needs. At the time of its inauguration in 1961, it had a refining capacity
of 25,000 barrels of crude oil per day. At the time, this was the most modern refining facility in
South East Asia.

The end of Standard Oil and Socony Vacuum’s partnership in 1962 gave birth to Esso
Philippines. Even then, we were already an innovations leader introducing the country’s first
bottled LPG Esso Gasul and first high-octane gasoline, Esso Extra.

In 1973, the Philippine National Oil Company (PNOC) acquired Esso Philippines at the height of
the first oil crisis and renamed it Petrophil Corporation. We were able to deliver on our promise
to ensure a continuous and reliable supply of fuels during this critical period.

In February 1988, Petrophil was rechristened Petron Corporation. Amid the most difficult and
trying times the country faced, including the Gulf War of 1991, Petron readily worked hand-in-
hand with the national government. May 2008, the Ashmore Group acquired Aramcos 40% stake
in Petron. Following a mandatory tender offer, an additional 10.57% was acquired by the
London-based fund.
Board of Directors
Petron Shareholder

Products

Automotive Fuels

• PETRON BLAZE 100 EURO 6

• PETRON XCS EURO 4

• PETRON DIESEL MAX EURO

• PETRON XTRA ADVANCE EURO 4

• PETRON TURBO DIESEL

Petron Gasul

• PETRON GASUL 2.7 KILOS

• PETRON GASUL 7 KILOS

• PETRON GASUL 11 KILOS

• PETRON GASUL 22 KILOS

• PETRON GASUL 50 KILOS

Automotive Lubricants
Industrial Petroleum Product

Services
Financial Highlights
Quarterly
For the period ended: September 30, 2018
Currency (and units, if applicable) : Peso (in Millions)

Balance Sheet

Item Period Ended Fiscal Year Ended(Audited)

Current Assets 189,569 145,490

Total Assets 384,236 338,030

Current Liabilities 184,345 124,495

Total Liabilities 290,924 238,411

Retained Earnings/(Deficit) 54,424 49,142

Stockholders' Equity 93,312 99,619

Stockholders' Equity - Parent 86,331 93,655

Book Value Per Share 8.10 8.88

Income Statement
Item Current Year Previous Year Current Year- Previous Year-
(3 Months) (3 Months) To-Date To-Date

Gross Revenue 146,363 106,547 419,861 313,505

Gross Expense 139,673 99,031 397,609 291,434
Income/(Loss) 3,844 4,591 15,850 15,570
Before Tax
Net Income/(Loss) 2,555 3,547 12,057 11,761
After Tax

Net Income/(Loss) 2,238 3,195 11,132 10,763

Attributable to
Parent
Earnings/(Loss) 0.15 0.21 0.86 0.77
Per Share (Basic)
Earnings/(Loss) - - -
Per Share (Diluted)