Petron Corporation
Petron Corporation, a leading player in the oil and gas industry, is headquartered in the Philippines (PH) and operates extensively across Southeast Asia. Founded in 1933, Petron has established itself as a key provider of petroleum products and services, catering to both retail and industrial sectors. The company’s core offerings include fuels, lubricants, and petrochemical products, distinguished by their commitment to quality and innovation. Petron's extensive network of service stations and refineries positions it as a market leader, serving millions of customers daily. With a rich history marked by significant milestones, Petron continues to enhance its market position through sustainable practices and technological advancements, solidifying its reputation 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 Motor Vehicle Retail Services 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 4 is lower than 87% 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, headquartered in the Philippines, reported a greenhouse gas (GHG) intensity of approximately 1.1765 kg CO2e per barrel (BBL) for Scope 1 emissions at its refinery and terminal operations. This figure reflects the company's ongoing commitment to monitoring and managing its carbon footprint. In 2022, the GHG intensity was slightly lower at about 1.1606 kg CO2e per BBL, indicating a focus on improving operational efficiency. The 2021 data shows a GHG intensity of approximately 1.2878 kg CO2e per BBL, suggesting a trend towards reducing emissions over the years. Despite these figures, Petron has not publicly disclosed specific reduction targets or initiatives aimed at achieving significant emissions reductions. The absence of defined climate pledges or science-based targets indicates that while the company is tracking its emissions, it may need to enhance its commitments to align with global climate goals. Overall, Petron's emissions data highlights the importance of continuous improvement in GHG management within the mineral fuels and oils sector, as the company navigates the challenges of climate change and sustainability.
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.
