Tag: PXP Energy

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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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OceanaGold rides strong metals prices, boosts returns

OceanaGold Philippines posted a strong first-quarter performance as elevated gold prices and steady production lifted cash flow and strengthened its capacity to sustain shareholder returns while expanding exploration activities at the Didipio mine.

TARI Estate draws P175.4B in investments

TARI Estate is rapidly positioning itself as Central Luzon’s next major industrial hub, attracting P175.4 billion in investments as manufacturers increasingly expand beyond traditional economic centers in South Luzon.

Philippine automakers plot decade-long shift to EVs

The Philippines’ top automotive assemblers are aligning behind a phased, decade-long transition to electric mobility, backing the government’s goal of making electric vehicles account for 50 percent of the country’s vehicle fleet by 2040 under the Comprehensive Roadmap for the Electric Vehicle Industry.

Financial sector shows strength, expands lending in H2 2025

The Philippine financial system remained stable in the second half of 2025, continuing to support economic growth, according to the Bangko Sentral ng Pilipinas (BSP).

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