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Karlette Cascayan

on 17 May 2015

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Transcript of Copy of PETRON CORPORATION


Petron Corporation (PCOR)
is one of the three main oil refiners in the Philippines. In particular, it is the largest oil refining and marketing company, supplying nearly 40% of the country’s oil requirements.

Company Profile
To be the leading provider of total customer solutions in the energy sector and its derivative businesses.
Being an integral part of our customers' lives, delivering consistent customer experience through innovative products and services;
Developing strategic partnerships in pursuit of growth and opportunity;
Leveraging on 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; and
Promoting the best interest of all our stakeholders.

Mission & Vision
Products & Services
Historical Background
Legal Form:
Public Limited Company
Electricity, Energy, Power & Water
Incorporation Date:
09 December 1957
Fiscal Year:
Corporate Address:
San Miguel Head Office Complex, 40 San Miguel Avenue, 1550 Mandaluyong City

 Automotive Fuels
 Automotive Lubricants
 Liquefied Petroleum Gas (LPG)

Industrial Petroleum Products
1. Petron Fuels
2. Petron Industrial Lubricants
3. Petron Marine Lubricants
4. Petron Greases
5. Petron Special Products
6. Petron Asphalt
7. Petron Aviation Lubricants

A Storied History
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.
Stanvac started constructing a refinery in the province of Limay, Bataan to meet the country’s growing fuel needs.
The end of Standard Oil and Socony Vacuum’s partnership in 1962 gave birth to Esso Philippines.
Petrophil was rechristened Petron Corporation.
Deregulation and Privatization
Saw the full deregulation of the local oil industry.
PNOC partnered with the world’s largest crude oil producer, Saudi Aramco.
PNOC and Saudi Aramco signed a stock purchase agreement that gave Aramco 40% ownership of Petron.
The Wave of Change
Privatization spurred many changes in Petron.
Petron also commissioned several units to produce environment-friendly fuels.
Petron marked its diversification into the petrochemical business.
Petron partnered with leading fast food chains and consumer-service companies.
Petron also introduced various automotive fuels.
Blazing New Trails
San Miguel Corporation (SMC) started managing Petron.
Petron embarked on a retail network expansion program.
Petron formulated revolutionary fuels to meet the daily needs of Filipino motorists.
Petron was conferred with the Gold Trusted Brand Award in the Petrol Station category by Reader’s Digest.
Building for the future
Petron Bataan Refinery celebrated its 50th anniversary with the launch of its Expansion Project (RMP-2).
Petron remains dedicated and passionate about its vision to be the leading provider of total customer solutions in the energy sector and its derivative businesses.
Financial Status(as of 31 March 2015)


Total Assets: 332,013
(156,330 Current + 175,683 Noncurrent)
Total Liabilities: 232,697
(157,369 Current + 75,328 Noncurrent)
Total Equity: 99,316
Retained Earnings: 38,331

 Book Value per Share: 7.82
 Par Value per Share: 1.00
 Common Stock: 9,375,104,497
 Preferred Stock: 110,000,000


 Gross Profit: 5816
(86,744 Sales – 80,928 Cost of Sales)
 Income Before Income Tax: 295
 Income Tax Expense: 38
 Net Income: 257

Petron Corporation's Corporate Governance
Board of Directors
Ramon S. Ang

Eduardo M. Cojuangco, Jr.
Lubin B. Nepomuceno
Estelito P. Mendoza
Jose P. De Jesus
Eric O. Recto
Mirzan Mahathir
Ron W. Haddock
Romela M. Bengzon
Aurora T. Calderon
Virgilio S. Jacinto
Nelly Favis-Villafuerte

Reynaldo G. David
Artemio V. Panganiban
Margarito B. Teves
Independent Directors

Ramon S. Ang
Chairman & CEO

Lubin B. Nepomuceno

Emmanuel E. Eraña
SVP & Chief Finance Officer

Susan Y. Yu
VP, Procurement

Rowena O. Cortez
VP, Supply & Operations

Freddie P. Yumang
VP, Refinery

Archie B. Gupalor
VP, National Sales

Efren P. Gabrillo
VP, Controllers and Controller

Albertito S. Sarte
VP, Treasurers and Treasurer

Joel Angelo C. Cruz
VP, General Counsel & Corporate Secretary/Compliance Officer

Rodulfo L. Tablante
VP, Operations

Jaime O. Lu
VP and Operations Manager, Petron Malaysia

Julieta L. Ventigan
AVP, Business Planning & Development

Nathaniel R. Orillos
AVP, Refinery Production

Nolan L. Rada
AVP, Reseller Trade

David M. Mahilum
AVP, Refinery Maintenance

Roland R. Evangelista
AVP, Power Plant & Utilities

Dennis M. Floro
AVP, Supply

Ma. Rosario D. Vergel de Dios
AVP, Human Resources

Conrado S. Rivera
AVP, Industrial Trade

Mary Ann M. Neri
AVP, Marketing

Andrew S. Fortuno
AVP, Operations

Magnolia D. Uy
AVP, Market Planning, Research and Sales Information

Charmaine V. Canillas
AVP, Corporate Affairs Department

Fernando S. Magnayon
AVP - LPG, Lubes and Greases

Jhoanna Jasmine M. Javier-Elacio
Assistant Corporate Secretary

Petron Corporation's Corporate Governance
San Miguel Corp.
Petron Corp. Employees Retirement Plan
Norges Bank Investment Management
The Vanguard Group, Inc.
ATR KimEng Asset Management, Inc.
Dimensional Fund Advisors LP
Parametric Portfolio Associates LLC
Canada Pension Plan Investment Board
Mitsubishi UFJ Asset Management Co., Ltd.
Eastspring Investments (Singapore) Ltd.
Petron Corporation's Corporate Governance

Lubin Nepomuceno

Reynaldo David
Chairman and Independent Director

Estelito Mendoza AA, LLB (UP), LLM (Harvard)

Artemio Panganiban
Independent Director

Aurora Calderon

Compensation Committee
Aurora Calderon

Eduardo Cojuangco, Jr.

Reynaldo David
Independent Director

Lubin Nepomuceno

Audit Committee
Nomination Committee
Reynaldo David
Chairman and Independent Director

Estelito Mendoza AA, LLB (UP), LLM (Harvard)

Corporate Governance Committee
Nelly Favis-Villafuerte

Margarito Teves

Headquarters and Branches
Petron Megaplaza
Located at the heart of Buendia Avenue in Makati City, the company's headquarters, the Petron Megaplaza, is a 45-storey building with floor plate area of about 15,512 square meters, which was the Philippines' tallest building before being topped by the PBCom Tower in Ayala Avenue.
Principal Subsidiaries:
• Overseas Insurance Corporation (OVINCOR)
• Petron General Insurance Company (PETROGEN)
• Petron Foundation, Inc. (PFI)
• New Ventures Realty Corporation (NVRC)

International Branch
Petron Malaysia
Office Address: Menara I&P 1, No. 46 Jalan Dungun, Damansara Heights, 50490 KUALA LUMPUR
Petron Malaysia is part of Petron Corporation in the Philippines, an emerging and rapidly evolving Asian oil company.
Petron Malaysia Refining & Marketing Bhd
Petron Fuel International Sdn Bhd
Petron Oil (M) Sdn Bhd
Corporate Social Responsibility
Petron Foundation
Sharing the Gift of Education
Nurturing Nature
Caring for our Community
Engaging our Employees
Petron Foundation
Through Petron Foundation Inc. (PFI), the corporation’s CSR arm, various initiatives that address national concerns in essential areas such as education, environment, health and human services, and other advocacies in partnership with the communities, local and national government units, like-minded organizations, and our employee-volunteers were launched and maintained.
Sharing the gift of Education

It is the flagship program of the Petron Foundation.
focused on Helping Filipino children and youth Overcome Poverty through Education or simply fueling hope.
has also built Petron Schools in areas where there is a need for a venue for education.
 Tulong Aral ng Petron
 Petron School
 Youth Entrepreneurship Education
This program offers entrepreneurship courses for the youth. It also contributes to the development of curriculum on entrepreneurship education and food service management. Under this program is the Youth In Enterprise and Leadership Development Program which provides students an on-the-job training in selected Petron stations.
The foundation supports the Adopt-a-School Project of the Department of Education. It addresses to the need for more classrooms in schools in the most depressed and conflict-afflicted areas in the country.
 Reading Programs
PCOR partnered with Sa Aklat Sisikat Foundation (SAS) in building a nation of readers.
A parallel effort, the Petron Gurong Kaakbay Conference, helps sustain the reading program and focuses on enabling public school teachers to serve as reading advocates and change agents.
Enrichment Workshops, a component program of Petron Gurong Kaakbay, are conducted to further the learning of teachers and principals.
Nurturing Nature
The Bataan Integrated Coastal Management Program (BICMP) is a comprehensive and long-term program which aims to resolve multiple marine and coastal use pressures through public-private partnerships. It aims to serve as a catalyst in rehabilitating Manila Bay.
 Bataan Integrated Coastal Management Program
Nurturing Nature
 Boracay Beach Management Program
Petron's success in Bataan is being replicated in Boracay, the Philippines' premier tourist destination.
Nurturing Nature
 Adopt-An-Estero/River Program For Marikina River And The National Greening Program
In partnership with the Department of Environment and Natural Resources (DENR) and City Government of Marikina, Petron supports the Adopt-An-Estero/River Program for the Marikina River and the National Greening Program.
 Caring for the Community
Province of Bataan
Sulong Kabataan
Sulong KaBataan is a movement aimed at helping thousands of out-of-school youth of the province by encouraging them to participate in programs to ensure their long-term development, specifically through values formation, technical skills, and leadership training.
Sulong kaBarangay
Sulong KaBarangay is the result of a public-private partnership among the local government of Limay, DSWD, Petron Foundation, Petron Bataan Refinery, and PinoyME Foundation.
 Caring for the Community
Pandacan, Manila
Petron Community Health Center
The Community Health Center augments the health care programs and services being delivered by nearby barangay health centers.
Barangay Ecological Solid Waste Management Program
This is for the residents of fenceline barangays in Pandacan, Manila.
 Engaging employees and other stakeholders
Volunteers in Action
The Program was established in 1999 to strengthen the role of our employees in driving the company's corporate social responsibility (CSR) programs.
Petron promotes the value of CSR as the spirit of bayanihan, a traditional trait that resonates in every Filipino.
Employee Volunteerism
Petron employees put in an equivalent of 16,120 hours to various efforts in education, environment, and other community endeavors.
Furthermore, they pledged at least an hour of their salaries for the last working day of 2011 to raise funds for Tulong Aral ng Petron under the "Share Your Spare" campaign.
Full transcript