HISTORY

Petron's history dates back to September 7, 1933 when the Socony Vacuum Oil Company of New
York and Standard Oil of New Jersey formed the Standard Vacuum Oil Company (Stanvac). The
end of the venture in the early 1960s split the marketing and refining interests of the company
between Mobil (the renamed Socony Vacuum Oil Company) and Esso (the renamed of Standard Oil
New Jersey, soon to be Exxon), with its Philippine branch now named Esso Philippines, with offices
in Manila and later on in Makati.
In 1953, the Philippine national government, partly to promote Claro M. Recto's
national industrialization program and partly to respond to increasing international oil prices,
attempted to launch a national oil company that caters Filipino consumers with cheap oil. FilOil, the
first Philippine oil company was established as a result, becoming the first national oil firm in
Southeast Asia.
In 1973, Esso sold its business to the government which became the Philippine National Oil
Company (PNOC). Subsequently, Mobil also sold its share of the refinery to PNOC.
The oil refining and marketing units in PNOC, along with FilOil, were eventually merged to form
Petrophil, which was later renamed as Petron Corporation in 1988. Today the company's industrial
earnings have never seen such high gains but still trade within the average global yield.
The name Petron used to be a gasoline brand of Petrophil. Launched in 1974, the name came from
petroleum (PET) and research octane number (RON).[3]
As part of the government's privatization program, PNOC sought a strategic partner that would give
Petron a reliable supply of oil, plus access to state-of-the-art refining technology. The result was a
partnership with the world's largest oil producer, Saudi Aramco.
On February 3, 1994, PNOC and Aramco Overseas Co. BV signed a share purchase agreement
that gave both a 40% stake in Petron. The remaining 20% of Petron shares were sold to the public.
On August 11, 2006, a Petron oil tanker, the Solar 1, carrying fuel oil sank, causing the Guimaras oil
spill, the biggest oil spill in Philippine history.
At the beginning of 2008, the Philippine National Oil Company (PNOC) and Saudi Aramco each
owned 40% of the outstanding stock, with the remaining 20% held by thousands of individual
stockholders. In 2008, Saudi Aramco sold its entire stake to the Ashmore Group, a London-listed
investment group. Then Ashmore added 11 percent more when it made a required tender offer to
other shareholders, for a total stake of 51 percent. As of July 2008, Ashmore, through its SEA
Refinery Holdings BV, had a 50.57 percent of Petron's stock.[4] Ashmore's payment was made on
December 2008.[5] In December 2008, Ashmore acquired PNOC's 40-percent stake. On December
2008, San Miguel Corporation said it was in the final stages of negotiations with the Ashmore Group
to buy up to 50.1 percent of Petron.[6]
On March 30, 2012, Petron acquired ExxonMobil's downstream business in Malaysia in with XCEL
Petroleum. In January 2013, Petron officially opened their Malaysian operations, rebranding all Esso
and Mobil stations across Peninsular Malaysia.[7]

OURVISION
To be the leading provider of total customer solutions in the energy sector and its derivative businesses.

OURMISSION
We will achieve our vision by:
 Being an integral part of our customers' lives, delivering consistent customer experience through innovative
products and services;
 Developing strategic partnerships in pursuit of growth and opportunity;
 Leveraging on our refining assets to achieve competitive advantage;
 Fostering an entrepreneurial culture that encourages teamwork, innovation, and excellence;
 Caring for community and the environment;
 Conducting ourselves with professionalism, integrity, and fairness; and
 Promoting the best interest of all our stakeholders.

SHELL

MARKETING

Shell has upstream and downstream operations in over 70 countries around the world. It is one of
the largest oil companies in the world and has various fuel brands under the umbrella of Shell,
for example, Shell V-Power, Shell LPG etc. A strong global market position gives Shell a
significant bargaining power in the industry.

RESEARCH AND DEVELOPMENT

Shell has been constantly trying to improve its technologies in order to decrease its carbon
footprint and develop methods to explore more fuel in less effort. Shell has made the sustained
investment in its R&D and also has a wide series of patents under its banner. Strong R&D
provides the competitive advantage and helps in reducing expenditure.
Weaknesses (finance)

Growing Debt: Shell has experience increase in debt in the past few years. The company’s debt
increased from $37774 million in FY2012 to $58379 million in FY2015. Increasing debt
increases business risks and a subsequent portion of the cash flow is paid in interest. Increasing
financial obligations may affect the business in future.