San Miguel Corporation (SMC), a diversified company in the Philippines, owns a 100% stake in Petron. Petron was acquired by SMC in 2008, becoming one of its principal subsidiaries. Since then, Petron has grown to be a crucial component of SMC’s business portfolio and has greatly aided in the company’s development and growth.
Considering this, Petron is not a privately-owned business. It is a division of San Miguel Corporation, which owns all of its parent company’s shares. One of the biggest firms in the nation, SMC is a publicly traded company on the Philippine Stock Exchange.
Petron was a division of the company before Ramon Ang became President and CEO of SMC. However, under his direction, Petron underwent a tremendous change that included large investments in R&D and renovations to its refining facilities. Petron is now among the top oil corporations in the Asia-Pacific area because to these initiatives.
On the other hand, Petron and San Miguel Corporation have no connection to the locally owned oil business Unioil Philippines. Privately held Unioil is well renowned for its high-end gasoline goods and services. The business was founded in 1966, and since then, it has spread its operations throughout the Philippines.
You can visit their website or get in touch with their franchise department if you’re interested in opening a UNO Fuel franchise. Individuals and companies interested in joining UNO Fuel’s expanding network are offered franchise options. To assist its franchisees in running a successful business, the corporation offers training, marketing assistance, and other resources.
In conclusion, San Miguel Corporation, a publicly traded corporation in the Philippines, owns 100% of Petron, a firm located in the Philippines. The business is renowned for its top-notch goods and services that serve a range of industries. In contrast, Unioil Philippines is a privately held business that is not affiliated with Petron or San Miguel Corporation. For more information on UNO Fuel franchise opportunities, get in touch with their franchise department or visit their website.