Petron Corporation operates as an oil refining and marketing company primarily in the Philippines. It engages in importing, transporting, trading, marketing, distributing, and retailing petroleum and related products; refining, distilling, and manufacturing various petroleum products, oil, gas, and other vehicle substances. The company sells gasoline, naphtha, liquefied petroleum gas (LPG), diesel, jet fuel, kerosene, and asphalts; petrochemicals, such as benzene, toluene, mixed xylene, propylene, and polypropylene; low sulfur waxy residues; and engine oils and grease. It also operates retail outlets, restaurants, convenience stores, specialty shops, and repair and maintenance centers in its services stations; and provides non-life insurance and re-insurance services. The company sells its products through a network of approximately 2,200 service stations; LPG dealerships; and lube outlets. It serves households, motorists and public transport operators, mini-stations, power plants, airlines, and various industrial customers. Petron Corporation also exports its products to China, Brunei, Taiwan, Cambodia, Malaysia, Thailand, Indonesia, South Korea, Singapore, Japan, India, Pakistan, and the United Arab Emirates. The company was formerly known as Petrophil Corporation and changed its name to Petron Corporation in February 1988. The company was founded in 1933 and is based in Mandaluyong, the Philippines. Petron Corporation is a subsidiary of SEA Refinery Corporation.
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