Petron Corporation
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Petron Corporation - overview
Established
1933
Location
Makati City, -, Philippines
Primary Industry
Oil & Gas
About
Petron Corporation is a prominent player in the petroleum industry, specializing in the production and distribution of fuels and petrochemical products across various markets in the Philippines and Malaysia. Founded in 1933 and headquartered in Makati City, Philippines, Petron Corporation operates primarily in the oil refining and distribution sector. The company experienced a significant change in ownership when San Miguel Corp. acquired control of Petron in 2009.
The current CEO is Charles Goodaker. Petron Corporation offers a comprehensive range of petroleum products and services, including gasoline, diesel, kerosene, and liquefied petroleum gas (LPG). The company operates an extensive network of service stations that cater to both retail and commercial clients, providing fuel, lubricants, and convenience store items. Petron's products are specifically designed to meet the diverse needs of consumers across markets, particularly in the Philippines and Malaysia, serving individual motorists, commercial fleet operators, and industrial clients.
In 2023, Petron Corporation generated a revenue of USD 14,405. 40 mn, with an EBITDA of USD 790. 90 mn. The company's revenue is largely derived from fuel sales to retail customers and businesses requiring bulk deliveries, supported by loyalty programs that encourage repeat transactions.
Petron Corporation plans to develop new products and expand its operations by entering new geographic markets. The firm is focused on launching additional fuel products aimed at enhancing customer satisfaction. Recent funding from the acquisition by San Miguel Corp. will be allocated to support these initiatives and bolster the company's market presence.
Current Investors
Ashmore Investment Management
Primary Industry
Oil & Gas
Sub Industries
Petroleum Refining, Oil & Gas Equipment and Services, Petrochemicals
Website
www.petron.com
Total Amount Raised
Subscriber access only
Petron Corporation - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 227,860,183,000 | 273,270,502,000 | 424,795,000,000 | 463,638,000,000 | 294,776,603,000 | 236,263,165,000 | 343,840,000,000 | 434,624,000,000 | 351,377,370,000 | 314,783,420,000 | 286,033,000,000 | 438,057,000,000 | - | - | - |
| % Revenue Growth (YoY) | - | 19.9% | 55.4% | 9.1% | (36.4%) | (19.9%) | 45.5% | 26.4% | (19.2%) | (10.4%) | (9.1%) | 53.1% | - | - | - |
| EBITDA (USD) | 17,352,865,000 | 17,665,173,000 | 13,739,000,000 | 16,925,000,000 | 10,654,418,000 | 16,186,141,000 | 30,933,000,000 | 37,773,000,000 | 26,412,750,000 | 23,632,123,000 | 3,812,000,000 | 26,589,000,000 | - | - | - |
| Operating Income (USD) | 13,878,277,000 | 14,053,006,000 | 8,626,000,000 | 11,119,000,000 | 6,545,806,000 | 11,656,761,000 | 21,428,000,000 | 26,794,000,000 | 16,817,072,000 | 12,232,864,000 | (5,678,000,000) | 16,741,000,000 | - | - | - |
| Operating Margin | 6.1% | 5.1% | 2.0% | 2.4% | 2.2% | 4.9% | 6.2% | 6.2% | 4.8% | 3.9% | (2.0%) | 3.8% | - | - | - |
| % EBITDA Margin | 7.6% | 6.5% | 3.2% | 3.7% | 3.6% | 6.9% | 9.0% | 8.7% | 7.5% | 7.5% | 1.3% | 6.1% | - | - | - |
| NET Income (USD) | 8,134,839,000 | 7,956,930,000 | 1,780,000,000 | 5,092,000,000 | 2,708,133,000 | 5,499,827,000 | 10,822,000,000 | 14,087,000,000 | 6,336,764,000 | 114,923,000 | (11,413,000,000) | 6,136,000,000 | - | - | - |
| % Net Margin | 3.6% | 2.9% | 0.4% | 1.1% | 0.9% | 2.3% | 3.1% | 3.2% | 1.8% | 0.0% | (4.0%) | 1.4% | - | - | - |
Petron Corporation - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Manila North Harbor Philippines | - | ||||||||
| Trade Sale | Completed | Petron Bataan Power Plant | - | ||||||||
| Trade Sale | Completed | Manila North Harbor Philippines | - | ||||||||
| Trade Sale | Completed | Petron Corporation | - | ||||||||
| Public to Private | Completed | Petron Corporation | - |
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