phoenix petroleum featured image
Business & Economics News Oil & Energy Stories

Phoenix Petroleum is now among the ‘Big Three’ Oil Industry

Dennis Uy-led Phoenix Petroleum Philippines Inc. has risen to become the third-largest player in the oil industry.

Data released by the Department of Energy (DOE) has shown that Phoenix climbed a notch to the third spot with a 6.86% market share in the first half of the year, following Petron Corp. with 24.88% and Pilipinas Shell Petroleum Corp. with 18.25%.

Phoenix has 660 service stations nationwide. It said 90 percent of station networks remained operational, with no supply chain disruption at the peak of the lockdown.

Phoenix President Henry Albert Fadullon in a statement, “Despite the continuing challenges of COVID-19, we are grateful for the continued patronage of our loyal as well as new customers who appreciate the value that we provide through our high-performance and high-quality yet competitively priced products and services.”

“It encourages and inspires us, even more, to carry out our vision to be an indispensable partner of Filipinos in their daily journey,” he added.

Phoenix overtook Chevron Philippines Inc. which slipped to fifth place with 6.13%, while Unioil Petroleum Philippines rose to the fourth spot with 6.48%.

“This latest development in terms of market share affirms the results of the brand market study we implemented that illustrate Phoenix as an emerging and credible brand alternative to the ones Filipinos have been used to in the market. It encourages and inspires us, even more, to carry out our vision to be an indispensable partner of Filipinos in their daily journey,” said Fadullon.

ASEAN HR TECH VENTURE SUMMIT 2018
REGISTER NOW 33% DISCOUNT
SUMMIT PASS

Send this to a friend