November 5, 2025 | 12:00am
MANILA, Philippines — Oil giant Petron Corp. delivered higher earnings from January to September, driven by robust domestic sales that offset headwinds from a volatile global market.
The country’s remaining refiner saw its net income jump by 37 percent to P9.7 billion during the nine-month period from P7.1 billion in the same period last year.
Revenues, on the other hand, declined by 10 percent to P594.9 billion from P657.9 billion due to lower international prices.
Petron president and CEO Ramon Ang said the nine-month results reflect the company’s success in maintaining financial resilience, while delivering value across every aspect of the business.
“This year, the market has presented even greater challenges, yet we’re proud of how we’ve stood against external pressures and even competition,” Ang said.
“Our performance over the past three quarters has been a testament to this, and we remain optimistic about maintaining this momentum through the rest of the year,” he added.
From January to September, Petron’s sales volume in the Philippines and Malaysia inched up by three percent year-on-year to 84.7 million barrels.
The growth was attributed to an 11-percent improvement in domestic retail sales as Petron further strengthened its position in the market.
Combined with higher productivity at Petron’s plants in the Philippines and abroad, the improved domestic volumes helped reduce the impact of weak regional refining cracks.
Currently, the company operates the Petron Bataan Refinery in the Philippines and the Port Dickson Refinery in Malaysia.
The Bataan plant is the country’s remaining oil refinery, which is capable of producing 180,000 barrels of oil per day.