Petron profit hit P4.03B in Q1 2025
Petron income hit P4.03B in the first quarter of 2025. / Philippine Daily Inquirer
MANILA, Philippines – Major oil firm Petron Corp. of billionaire Ramon Ang recorded slight profit gains in the first quarter, even with “continued volatility” in the global market.
The company said Tuesday that its net income reached P4.03 billion, up from P3.93 billion in the same period last year.
Consolidated revenues, however, declined to P194.38 billion against the P227.64 billion generated a year ago due to lower prices and limited trading volumes.
READ: Volatility, Malaysia operations slump cut Petron profit in 2024
Ang, its president and chief executive officer, said Petron “continue[s] to operate in a volatile and unpredictable market,” especially with recent developments in the United States’ tariff policies and geopolitical tensions.
“As we navigate through these setbacks, we remain committed to enhancing our efficiency and strengthening our performance to sustain our market leadership and further our role as a nation-builder,” Ang said.
