CSR of Petron
CORPORATE SOCIAL RESPONSIBILITY OF
PETRON CORPORATION
Submitted by:
Dianne C. Buenaventura
MBA 652- Corporate Social Responsibility
Submitted to:
Dr. Emelyn Quintos- Libunao
PETRON CORPORATION
The largest oil refining and marketing company in the Philippines. Supplying nearly 40% of the country’s oil requirements, our world-class products and quality services fuel the lives of millions of Filipinos.
BUSINESS DESCRIPTION
Petron Corporation (Petron) is a Philippines-based company. The Company is the refiner and marketer of petroleum products in the Philippines. As of December 31, 2010, Petron had seven subsidiaries: New Ventures Realty Corporation engaged in acquiring and developing land; Petrogen Insurance Corporation engaged in serving the insurance requirements of Petron and its allied business partners, such as contractors, suppliers and dealers; Overseas Insurance Corporation engaged in expediting the reinsurance of Petron's insurable interests as covered by Petrogen Insurance Corporation; Petron Foundation, Inc. engaged in functioning and operating as a charitable and research foundation; Petron Freeport Corporation engaged in selling fuels, including gasoline, kerosene, diesel, lubricants and greases, as well as operate retail outlets, restaurants, and convenience stores; Petron Marketing Corporation is engaged in the fuel business, and Petron Singapore Trading Pte. Ltd. established in 2010.
Petron Corporation's over 75 years of existence in the Philippines is a further testament to its commitment to providing quality products and services. Petron's colorful history dates back to September 7, 1933 whent he Socony Vacuum Oil Company of New York and the Standard Oil Company of New Jersey formed the Standard Vacuum Oil Company (Stanvac). The end of the venture in the early '60s split the marketing and refining interests of the company between Esso and Mobil.In 1973, Esso sold its
PETRON CORPORATION
Submitted by:
Dianne C. Buenaventura
MBA 652- Corporate Social Responsibility
Submitted to:
Dr. Emelyn Quintos- Libunao
PETRON CORPORATION
The largest oil refining and marketing company in the Philippines. Supplying nearly 40% of the country’s oil requirements, our world-class products and quality services fuel the lives of millions of Filipinos.
BUSINESS DESCRIPTION
Petron Corporation (Petron) is a Philippines-based company. The Company is the refiner and marketer of petroleum products in the Philippines. As of December 31, 2010, Petron had seven subsidiaries: New Ventures Realty Corporation engaged in acquiring and developing land; Petrogen Insurance Corporation engaged in serving the insurance requirements of Petron and its allied business partners, such as contractors, suppliers and dealers; Overseas Insurance Corporation engaged in expediting the reinsurance of Petron's insurable interests as covered by Petrogen Insurance Corporation; Petron Foundation, Inc. engaged in functioning and operating as a charitable and research foundation; Petron Freeport Corporation engaged in selling fuels, including gasoline, kerosene, diesel, lubricants and greases, as well as operate retail outlets, restaurants, and convenience stores; Petron Marketing Corporation is engaged in the fuel business, and Petron Singapore Trading Pte. Ltd. established in 2010.
Petron Corporation's over 75 years of existence in the Philippines is a further testament to its commitment to providing quality products and services. Petron's colorful history dates back to September 7, 1933 whent he Socony Vacuum Oil Company of New York and the Standard Oil Company of New Jersey formed the Standard Vacuum Oil Company (Stanvac). The end of the venture in the early '60s split the marketing and refining interests of the company between Esso and Mobil.In 1973, Esso sold its