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 14 is higher than 59% 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 2019, Petron Corporation reported significant carbon emissions, with Scope 1 emissions totalling approximately 3,502,169,930 kg CO2e and Scope 2 emissions at about 73,624,430 kg CO2e. This data highlights the company's substantial carbon footprint in its operations. For the years 2021, 2022, and 2023, no specific emissions data has been disclosed, but Petron has provided information on greenhouse gas (GHG) intensity related to its refinery and terminal operations. The GHG intensity for Scope 1 in 2022 was approximately 1.1606 kg CO2e per barrel, while in 2023, it was about 1.1765 kg CO2e per barrel. Despite the lack of specific reduction targets or commitments disclosed, Petron's ongoing monitoring of GHG intensity suggests a focus on improving operational efficiency. However, as of the latest data, there are no formal climate pledges or science-based targets outlined by the company. Overall, Petron Corporation's emissions data underscores the need for continued efforts in carbon management and climate commitments to align with global sustainability goals.
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| 2019 | |
|---|---|
| Scope 1 | 3,502,169,930 |
| Scope 2 | 73,624,430 |
| Scope 3 | - |
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.
