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 60% 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 approximately 53,293,250 kg CO2e, and Scope 3 emissions also at about 4,017,554,220 kg CO2e. This marks an increase from 2022, where total emissions were approximately 3,626,278,000 kg CO2e, with Scope 1 at about 3,561,286,000 kg CO2e, Scope 2 at approximately 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 continues to operate within the fossil fuel sector, which is under increasing scrutiny for its environmental impact. As such, Petron's emissions data reflects the challenges faced by the industry in reducing greenhouse gas emissions while meeting global energy demands.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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.
