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                    [ArticleID] => 96048
                    [Title] => Petron suffers P1.1-B net loss
                    [Summary] => Petron Corp. reported a net loss of P1.1 billion for 2000, a record loss for the company, marking only the second time in its history that it saw negative earnings.


The first was in 1997 when the company incurred substantial foreign exchange losses following the Asian financial crisis.


Petron’s performance started to deteriorate in 1999 when its net income dropped by 35 percent compared to the previous year, as domestic prices of refined products failed  to catch up with higher crude oil prices.


                    [DatePublished] => 2001-05-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
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NEW OIL DEREGULATION ACT

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                    [ArticleID] => 96048
                    [Title] => Petron suffers P1.1-B net loss
                    [Summary] => Petron Corp. reported a net loss of P1.1 billion for 2000, a record loss for the company, marking only the second time in its history that it saw negative earnings.


The first was in 1997 when the company incurred substantial foreign exchange losses following the Asian financial crisis.


Petron’s performance started to deteriorate in 1999 when its net income dropped by 35 percent compared to the previous year, as domestic prices of refined products failed  to catch up with higher crude oil prices.


                    [DatePublished] => 2001-05-12 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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abtest

Petron suffers P1.1-B net loss

May 12, 2001 - 12:00am

Petron Corp. reported a net loss of P1.1 billion for 2000, a record loss for the company, marking only the second time in its history that it saw negative earnings. The first was in 1997 when the company incurred...

Business