PNENY5167773 analysis
Key facts
Petron Corp. is an oil refining and marketing company, which engages in the provision of customer solutions in the energy sector and derivative businesses. It operates through the following segments: Petroleum, Insurance, Leasing, Marketing, and Others. The Petroleum segment includes gasoline, diesel and kerosene offered to motorists and public transport operators. The Insurance segment offers insurance and reinsurance, on sea as well as on land, of properties, goods and merchandise, of transportation or conveyance, against fire, earthquake, marine perils, accidents and lines of insurance authorized by law, except life insurance. The Leasing segment leases acquired real estate properties for petroleum, refining, storage and distribution facilities, and gasoline service stations. The Marketing segment involves in the sale of petroleum and non-fuel products to other Asian countries. The company was founded on September 7, 1933 and is headquartered in Mandaluyong, Philippines.
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