A PROFILE ON THE DIFFERENT MAJOR PLAYERS

OF FUEL OIL IN THE PHILIPPINES

Abstract:
The major oil companies hold of the total petroleum products market in the
Philippines continued to decrease over the years as competition at the pump stations
tightened as a result of market deregulation. Major players (Petron Corp., Chevron
Phils. and Pilipinas Shell Petroleum Corp.) got 60.4 percent share of market in 2015
(from 68.9 percent in 2014), according to data from the Department of Energys Oil
Supply/Demand Report.

Petron Corporation
Petron Corporation is the largest oil refining and marketing company in the Philippines.
Supplying nearly 40% of the countrys oil requirements, our world-class products and quality
services fuel the lives of millions of Filipinos everyday.
We operate an integrated crude oil refinery and petrochemicals complex with a rated capacity of
180,000 barrels per day in Limay, Bataan. Our Integrated Management System (IMS)-certified
refinery processes crude oil into a full range of petroleum products including gasoline, diesel,
liquefied petroleum gas (LPG), jet fuel, kerosene, industrial fuel oil, and petrochemical feedstock
benzene, toluene, mixed xylene, and propylene.
From the refinery, we move our products via barges and marine vessels to 32 International
Organization of Standardization (ISO)-certified depots and terminals situated all over the
country. Through this vast distribution network, we supply fuel oil, diesel, and LPG to various
industrial customers. Petron also supplies jet fuel at key airports for international and domestic
carriers.
We have the largest retail network. With nearly 1,900 service stations, we bring our superior
automotive fuels closer to motorists. We have the most extensive petroleum product line in the
Philippines. Always at the forefront of fuels technology, we continuously pioneer groundbreaking products that tailor fit the lifestyles of our customers. Petron Blaze 100, for instance, is
one of the fewif not the onlycommercially available gasoline in the world with a 100 octane
rating.
Our stations give a one-stop service experience to travelers, offering amenities including
convenience stores, restaurants, and specialty shops.
We operate repair and maintenance centers to cater to the specific requirements of motorists.
Besides selling our lubricants and specialty products here, these centers are outfitted with
modern equipment and manned by well-trained technicians.

Our LPG brands, Gasul and Fiesta, have been an intrinsic part of our customers households for
many decades. Through our nationwide dealership network, we offer and deliver them at their
doorsteps.
Our commitment to innovation has led us to introduce a variety of Petron Cards to the market.
Each of our cards has been engineered to encourage convenience and ensure customer
satisfaction in every swipe. An example is the Petron Fleet Cardthe first microchip-powered
fleet card in the Philippines.
We operate a polypropylene (PP) plant with a rated capacity of 160,000 metric tons of PP resin
annually. We run a lube oil blending plant, which manufactures our lubricants and greases. We
also run one of the most modern blending facilities in Asia, which enables us to formulate the
unique fuel additives we use to produce our premium fuels.
We export various petroleum and non-fuel products to Asia-Pacific countries such as Japan,
India, Malaysia, Singapore, South Korea, Thailand, Pakistan, and even to the United Arab
Emirates.
To further expand our international presence, we recently established Petron Oil and Gas
International to run three companies in Malaysia that comprise an integrated downstream
business.
Beyond our business agenda, we take our corporate and social citizenship to heart. We roll out
and incorporate programs that address national concerns in education, environment, and health
and human services into our operations to ensure sustainability and contribute to social
development.
With nearly 80 years of experience in the oil industry, we continue to be dedicated and
passionate about our vision to be the leading provider of total customer solutions in the energy
sector and its derivative businesses.
Fuel Price:
Product Name
Blaze100, XCS95, Xtra91
Turbo Diesel, Diesel Max
Kerosene

Price
1.40 /L
1.40 /L
1.45 /L

Chevron Philippines
Chevron is one of the largest investors in the Philippines, with more than $2 billion in capital
investments.

Chevrons geothermal operations in the Philippines help make us one of the worlds leading
producers of geothermal energy. Through a joint venture, we operate steam fields that use heat
from the earth to provide power to plants that serve key population centers in the country. Our
innovations have helped make the Philippines the second-largest producer of geothermal energy
in the world, after the United States.
Chevron holds an interest in the Malampaya gas-to-power project, the first natural gas
development and largest industrial project in the Philippines.
From the Philippines, we provide operational support for Chevron offices on five continents. The
workforce supplies transactional, processing and consulting services in areas ranging from
finance to information technology
Chevron operates through five subsidiaries in the Philippines. Our upstream companies are
Chevron Malampaya LLC, Chevron Geothermal Services Company and Chevron Kalinga Ltd.
Our downstream company is Chevron Philippines Inc. We also operate a business processes
support organization through Chevron Holdings Inc.
The Malampaya gas-to-power project opened the door to the natural gas industry in the
Philippines. The Malampaya natural gas field lies about 50 miles (80 km) northwest of the
Philippine island of Palawan. Chevron holds a 45 percent nonoperated working interest in the
field. In 2015, net daily production averaged 122 million cubic feet of natural gas and 3,000
barrels of condensate.
Produced from fields at water depths of about 2,800 feet (853 m), the gas is transported 314
miles (505 km) through subsea pipelines from an offshore platform to the Batangas onshore
natural gas plant on the main island of Luzon. Once treated, the gas is transported via overland
pipelines to three power plants designed to generate a total of 2,700 megawatts of power. The
Malampaya Phase 2 Project was completed in September 2015. The infill wells and compression
facilities have maintained production and delivered contracted volumes to customers.
Chevron has a 40 percent interest in Philippine Geothermal Production Company, Inc. (PGPC).
PGPC develops and produces steam energy for the third-party-owned and -operated Tiwi and
Mak-Ban geothermal power plants in southern Luzon. They have a combined generating
capacity of 692 megawatts.
Chevron Corp. engages in the business of integrated energy and chemical operations. It
operates through the Upstream and Downstream segments. The Upstream segment consists
primarily of exploring for, developing and producing crude oil and natural gas; processing,
liquefaction, transportation, and regasification associated with liquefied natural gas; transporting
crude oil by major international oil export pipelines; transporting, storage and marketing of
natural gas; and a gas-to-liquids project. The Downstream segment consists primarily of refining
crude oil into petroleum products; marketing of crude oil and refined products; transporting

crude oil and refined products by pipeline, marine vessel, motor equipment and rail car; and
manufacturing and marketing of commodity petrochemicals, plastics for industrial uses and fuel
and lubricant additives. The company was founded in 1906 and is headquartered in San Ramon,
CA.
Fuel Price:
Product Name
Platinum95, Silver91
Diesel
Kerosene

Price
1.40 /L
1.40 /L
1.45 /L

Pilipinas Shell Petroleum Corporation

Pilipinas Shell traces its roots to Asiatic Petroleum Company (Philippine Islands) Ltd. in the
Philippines back since 1914, and has grown to become one of the leading oil refining and
marketing businesses in the Philippines.
Pilipinas Shell is a Philippines focused integrated downstream refining and marketing company.
We focus on turning crude oil into a range of refined products, which are moved and marketed
for domestic, industrial and transport use.
The Companys supply and distribution business operates an integrated supply chain network
that integrates procurement, import, storage, and distribution of finished petroleum products
using different modes of transport including vessels and trucks. This integrated supply chain
ensures safe, timely, reliable and efficient delivery of fuel and specialty products to Shell
customers while optimising the storage and transportation operations. It is comprised of three
main elements: primary distribution, storage terminals and warehouses, and secondary
distribution.
The primary distribution channel is composed of vessels loading fuel products from the
Companys refinery and other import facilities for distribution to the Companys storage
terminals. Nationwide, our access to fuels storage terminals and supply points, warehouses and
import facilities underpinsour supply chain integration and allows the Company to offer its
commercial and retail customers the volume and quality consistencies and reliability they expect
from Pilipinas Shell Petroleum Corporation. And lastly, the secondary distribution channel is
comprised of vessels delivering petroleum products to large commercial accounts as well as road
tankers servicing both retail stations and direct customers.
The Shell companies in the Philippines (SciP) represent various companies operating in oil and
gas exploration, extraction, refining and delivery to consumers. Commencing its operations in
1914, SciP has grown to be one of the Philippines largest investors, directly employing over
4,000 people nationwide.
SciP is part of Shell, a global group of energy and petrochemicals companies employing
approximately 93, 000 people and operating in more than 90 countries and territories. Shell helps

meet the worlds growing demand for energy, aiming to do so in economically, environmentally
and socially responsible ways.
Pilipinas Shell Petroleum Corporation (PSPC) is involved in the manufacture, marketing, sales,
supply and distribution of oil productsserving customers in almost every field of transport,
commerce and industry with its wide range of high quality fuels, lubricants, liquefied petroleum
gas, aviation fuel, bitumen and other specialty products. Pilipinas Shell commenced operations
of its first crude distiller in Tabangao, Batangas in 1962 (now an oil refinery since 1994). Shell
also opened a refrigerated LPG terminal in 1983, the first of its kind in Asia operated by Shell
Gas Eastern, Inc. with trading handled in the region by Shell Gas Trading Asia Pacific.
In the business of oil and gas exploration and production, Shell Philippines Exploration B.V.
(SPEX) operates the Malampaya Deep Water Gas-to-Power Project together with its joint
venture partners. Malampaya represents the largest and most significant industrial investment in
the history of the Philippines. It heralded the birth of the countrys natural gas industry, enabling
the supply of clean, environment-friendly fuel and providing 2,700 megawatts of power to Luzon
for a period of 20 years. This represents roughly 40-45% of Luzons power generation
requirements, providing the country a considerably long-term revenue stream to the government,
in addition to considerable foreign exchange savings.
In 2004, Shell set up a pioneering new activity with the establishment of the Shell Shared
Services (Asia) B.V. (now called Shell Business Operations Manila) which provides
accounting, human resources and other business-related processing services to Shell companies
in various parts of the world. Now employing over 3,000 staff, Shell Business Operations-Manila
has been recognised for its operational and compliance excellence.
To further strengthen and support SciPs corporate social responsibility thrusts, Pilipinas Shell
Foundation, Inc. (PSFI) was established in 1982 to serve as the social investment arm of Shell in
the Philippines. PSFI implements various training and community development programmes in
communities nationwide, and on its 25th year in 2007, the foundation surpassed its 1 million
beneficiaries mark. To date, PSFI has benefited over 8.5 million people all over the country
through its community development programmes.
This year, Shell companies in the Philippines is celebrating its 100 years of business presence in
the Philippines and is committed to delivering smarter products and cleaner energy for better
motoring experience for the present and future generations of Filipinos. As a global leader in
power, energy, and gas technology, Shell remains to be a strong promoter of sustainable
development in the country by energizing communities all over the country for a more
sustainable energy future.
Fuel Price:
Product Name
VPN+ Racing97, VPN+95,
FuelSave91
VPN+ Diesel, FS Diesel

Price
1.40 /L
1.40 /L

Kerosene

1.45 /L

Ranking of the Major Players of Fuel Oil in the Philippines:

Rank
1
2
3

Company Name
Petron Corporation
Chevron Philippines
Pilipinas Shell Petroleum Corporation

% Market
Share
30.4
23
6.9

*Based from a 2015 Data of Department of Energy

References:
https://www.chevron.com/worldwide/philippines
http://pilipinas.shell.com.ph/about-us/what-we-do.html
http://pilipinas.shell.com.ph/about-us/who-we-are.html
http://pana.com.ph/directories/pilipinas-shell-petroleum-corp/

http://www.philstar.com/business/
http://www.philstar.com/business/2016/08/10/1611773/market-share-top-3-oil-firm-shrink-past5-years