Petron records strong growth in H1

Philippine Standard Time:

Petron records strong growth in H1

Petron Corp., the country’s leading oil refinery,delivered a 21 percent growth in consolidated revenue for the first half of the year to P444.5 billion from last year’s P367 billion.

The oil firm continued to register strong volumes in the Philippines and Malaysia which reached 69.1 million barrels in the first six months, up 20 percent from 57.6 million barrels sold in the same period last year.

Sales to industrial accounts likewise jumped to 9 percent mainly on higher jet fuel and liquefied petroleum gas (LPG) demand.

Petron in its FB page said the firm was recognized as one of 10 most valuable Filipino brands for 2024 based on a report earlier released by Brand Finance, a leading global brand evaluation firm. It is the only oil company to land in the top 10 in terms of “Sustainability Perception Values.”

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