Petron Corporation
Petron Corporation, commonly referred to as Petron, is a leading player in the oil and gas industry, headquartered in the Philippines. Established in 1933, Petron has grown to become the largest oil refining and marketing company in the country, with significant operations across Southeast Asia. The company’s core business areas include refining, marketing, and distribution of petroleum products, alongside a robust network of service stations. Petron is renowned for its high-quality fuels and lubricants, which are tailored to meet the diverse needs of its customers. With a commitment to innovation and sustainability, Petron has achieved notable milestones, including the expansion of its refining capacity and the introduction of advanced fuel technologies. As a market leader, Petron continues to set industry standards, reinforcing its position as a trusted name in the energy sector.
DitchCarbon Score
How does Petron Corporation's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Gas Works industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Petron Corporation's score of 12 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Petron Corporation's reported carbon emissions
In 2023, Petron Corporation reported total carbon emissions of approximately 4,017,554,220 kg CO2e, with Scope 1 emissions at about 3,964,260,970 kg CO2e, Scope 2 emissions at around 53,293,250 kg CO2e, and Scope 3 emissions also at approximately 4,017,554,220 kg CO2e. This marks an increase from 2022, where total emissions were about 3,626,278,000 kg CO2e, with Scope 1 at approximately 3,561,286,000 kg CO2e, Scope 2 at around 64,992,000 kg CO2e, and Scope 3 emissions matching the total emissions figure. In 2019, Petron's emissions were significantly lower, with total emissions of about 3,502,169,930 kg CO2e, comprising approximately 3,502,169,930 kg CO2e from Scope 1 and around 73,624,430 kg CO2e from Scope 2. Despite the increase in emissions over the years, there are currently no publicly disclosed reduction targets or climate pledges from Petron Corporation. The company has not specified any initiatives under the Science Based Targets initiative (SBTi) or other reduction commitments. Petron's emissions intensity for integrated GHG emissions was reported at approximately 54,010 kg CO2e per tonne for 2023, indicating a focus on monitoring their carbon footprint within the mineral fuels and oils sector. The company continues to operate within a challenging industry context, where emissions management is critical for sustainability and regulatory compliance.
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Add to project| 2019 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 3,502,169,930 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 73,624,430 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Petron Corporation is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
