Petron Corp... Did You know?

A publicly listed company, the Philippine government owns 40 percent of Petron. Another 40 percent is owned by Saudi Aramco, and the balance of 20 percent, by public shareholders.

Shareholders: (Top 10)
Philippine National Oil Company 40%
Aramco Overseas Company B.V. 40%
PCD Nominee Corp.(Foreign) 6.42%
PCD Nominee Corp. (Filipino) 5.39%
Home Development Mutual Fund 0.20%
Ansaldo, Godinez & Co. Inc. FAO Mark V. Pangilinan 0.09%
Siao Tick Chong 0.08%
Ernesto Chu Chiaco & Margaret Sy Chua Chiaco 0.06%
Marciano V. Pangilinan 0.05%
Aristeo Lascano Castillo 0.04%

A mixed group of government and Aramco representatives compose the board of directors of Petron, which remains a market leader with 40 percent control of the retail petroleum market.

Board of Directors
Nicasio I. Alcantara, Chairman
Khalid D. Al-Faddagh,
Basil A. Abul-Hamayel
Herminio S. Aquino
Alberto A. Pedrosa
Khalid G. Al-Buainain
Bernardo R. Abes
Douhan H. Al-Douha
Ahmad O. Al-Khowaiter

Executive Officers
Sulaiman M. Ababtain, Officer-in-Charge & V.P - Corporate Planning
Jose K. Campos, Jr., Vice President for Marketing
Antonio G. Pelayo, Vice President for Finance & Subsidiaries
Felimon E. Antiporta, Officer-in-Charge for Supply and Operations
Alfred A. Trio, Vice President for Refinery Division
Jose Jesus G. Laurel, General Counsel and V.P.- Legal & External Affairs
Ma. Concepcion F. de Claro, Accounting Manager
Rosario R. Eijansantos, Manager of Treasurer's Department
Luis A. Maglaya, Legal Counsel & Corporate Secretary

Petron Corp. Subsidiaries
1. New ventures Realty Corp. (NVRC)
2. Petrogen Insurance Corp.
3. Overseas Insurance Corporation (OVINCOR)
4. Petron Foundation, Inc. (PFI)
5. Petron Freeport Corp.
6. Petron Marketing Corporation (PMO)

Petron Corporation
39/F Petron MegaPlaza
358 Senator Gil Puyat Avenue
Makati City
Tel. No. +63 2 886-3888
Fax No. +63 2 886-3064

Petron Corp. said (Wednesday, August 23, 2006) it has no obligation to cover the cost of cleaning up the massive oil spill off Guimaras Island in central Philippines, nor even to extend economic aid to the communities devastated by the tragedy. "Petron is not under any legal or contractual obligation to set aside P10 billion in economic aid or to post a P100-million bond to pay for cleanup as under pertinent Philippine Coast Guard circulars, it is the spiller who is primarily responsible for conducting cleanup operations with the supervision of the Coast Guard," the oil firm said in a disclosure to the Philippine Stock Exchange (PSE). "Petron, as mere cargo owner, did not cause the spill and had no part whatsoever in the operation of the vessel. GMA News