Tag: PXP Energy

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PXP secures 3 new petroleum exploration deals 

PXP Energy Corp. has secured participation in three of the eight newly signed Petroleum Service Contracts (SCs) under the Marcos administration, bolstering its position in the country’s upstream oil and gas exploration sector.

PXP boosts stake in Forum Energy assets

PXP Energy Corp., the listed oil and gas exploration firm of the MVP Group, said Friday it has raised its stake in FEC Resources Inc. to 81.25 percent from 78.39 percent by converting USD1.16 million in loans into 131.6 million new shares.

PXP Energy widens 1H loss on weaker oil

PXP Energy Corpo. reported a core net loss of P21.1 million in the first half of 2025, more than double the P9.5 million loss from the same period last year, due to weaker crude prices, lower Galoc volumes, and rising production costs.

PXP Energy widens loss on weaker Galoc output, lower oil price

PXP Energy Corp., a publicly listed oil and gas exploration firm, reported a first-quarter net loss of P9.4 million, significantly wider than the P2.6 million loss posted during the same period last year.

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P&G, Red Cross expand disaster relief kit program nationwide

P&G Philippines and the Philippine Red Cross (PRC) are preparing 90,000 health and hygiene relief kits for disaster-prone communities, extending a partnership aimed at keeping essential supplies accessible when emergencies disrupt daily life.

Marcos shuffles transport, public works chiefs to accelerate reforms

President Ferdinand Marcos Jr. has reshuffled the leadership of the Department of Transportation (DOTr) and Department of Public Works and Highways (DPWH), seeking faster infrastructure delivery, better public services and stronger safeguards against corruption.

Vista Land meets P24.2B EBITDA target in 2025

Vista Land & Lifescapes Inc. hit its P24.2-billion earnings target in 2025, as the property developer ramped up housing launches and focused on extracting more value from its nationwide landbank.

BankCom offers P5B bonds with rates up to 7.66%

Bank of Commerce (BankCom), an affiliate of San Miguel Corp., has opened a public offering of at least P5 billion in fixed-rate bonds, with annual interest rates up to 7.6563 percent, to diversify funding sources and manage its balance sheet.

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