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 7 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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. Petron has not disclosed specific reduction targets or initiatives as part of its climate commitments. The company has reported its emissions across all three scopes, indicating a comprehensive approach to tracking its carbon footprint. However, without defined reduction targets or pledges, the effectiveness of its climate strategy remains unclear. Overall, Petron Corporation's emissions data highlights the significant scale of its carbon output, underscoring the need for robust climate action and commitments in the future.
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| 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 participating in any of the initiatives that 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.
