Petron net income drops 50% on shrinking crude prices

Petron net income drops 50% on shrinking crude prices

Petron Corporation posted a 50% drop in 2018 net income to P7.1 billion following a sustained decline in global crude prices that resulted in inventory losses of P10 billion for the last two months of the year. Operating income for the year reached P18.9 billion, 32%...
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