Report
EUR 13.68 For Business Accounts Only

PETRON reduced its risk exposure resulting in an upgrade to Slightly Positive

PETRON (PH), a company active in the Oil Equipment & Services industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date March 4, 2022, the closing price was PHP 3.66 and its potential was estimated at PHP 3.87.
Underlying
Petron Corp.

Petron is an oil refining and marketing company. Co. operates a refinery in Limay, Bataan, with a rated capacity of 180,000 barrels a day. Co.'s refinery processes crude oil into a full range of petroleum products including liquefied petroleum gas (LPG), gasoline, diesel, jet fuel, kerosene, industrial fuel oil, solvents, asphalts, mixed xylene and propylene. Through its more than 2,200 service stations, Co. retails gasoline, diesel, and autoLPG to motorists and public transport operators. Co. also sells its brands Gasul and Fiesta to households and other industrial consumers through dealership network.

Provider
TheScreener
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