Petron posts record P15.6 billion profit in 2025

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March 4, 2026 | 12:00am

MANILA, Philippines — Oil giant Petron Corp. capped 2025 with record earnings of P15.6 billion, marking its strongest financial results to date as it maintains dominance in the domestic market.

This represents an 84-percent surge in net income from P8.5 billion in 2024, driven by sustained domestic volume growth and improved output at the company’s refineries in the Philippines and Malaysia.

Revenues, on the other hand, declined by seven percent to P810 billion from P868 billion on a yearly basis, weighed down by lower international prices.

Petron said the average price of regional benchmark Dubai crude eased to $69 per barrel in 2025, down by 13 percent year-on-year amid persistent geopolitical challenges and policy shifts.

Still, the homegrown oil leader posted a 28-percent jump in operating income to P37.3 billion from P29.2 billion previously.

“Despite external challenges, we achieved growth across the business and emerged stronger in an unpredictable market,” Petron president and CEO Ramon Ang said.

“Our historic performance in 2025 highlights the resilience of our strategy, which not only sustains our growth but also defies industry trends,” Ang added.

Combined volumes in the Philippines and Malaysia were said to have grown by three percent to 113.4 million barrels from 110 million barrels.

Volumes in Malaysia held firm despite the demand correction, while Petron maintained its market lead in the Philippines amid strong competition.

In the Philippines, Petron’s market share grew to 27.8 percent in the first half of 2025 from 25 percent in 2024, latest Department of Energy data showed.

The company also maintained its leadership in the liquefied petroleum gas market, holding a 25.1 percent share.

“We will continue to strengthen our supply chain, strategically expand our footprint, and make a more meaningful contribution to nation-building as we continue to solidify our leadership position in the industry,” Ang said.

Petron currently operates the country’s only remaining refinery in Bataan, which is capable of producing 180,000 barrels of oil per day.