Petron

Petron Corporation's patrons are Filipinos. The company is the Philippines' largest oil refining and marketing company. Its refinery has a capacity of 180,000 barrels per day and produces almost 40% of the country's oil requirements. Petron distributes its products (including lubes, grease, asphalt, and specialty products) through a network of 32 bulk plants and terminal to more than 1,400 service stations. The Philippine government and Saudi Aramco each owned 40% of the company until both groups sold their stakes to private investment firm Ashmore Group in 2008. In 2010 local business power player San Miguel owned 68% of Petron, and is looking to hold 90% by 2013.