Last $8.26 PHP
Change Today +0.16 / 1.98%
Volume 239.6K
PXP On Other Exchanges
As of 3:20 AM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

philex petroleum corp (PXP) Snapshot

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52 Week High
04/23/13 - $30.40
52 Week Low
11/26/13 - $7.56
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philex petroleum corp (PXP) Details

Philex Petroleum Corporation engages in the exploration and production of crude oil, natural gas, and coal reserves in the Philippines. The company has interests in various petroleum service contracts and one coal service contract. It sells crude oil directly or through oil traders to petroleum refineries in Japan, the Philippines, Korea, and other Southeast Asian countries. The company was founded in 2007 and is based in Pasig City, the Philippines. Philex Petroleum Corporation is a subsidiary of Philex Mining Corporation.

Founded in 2007

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philex petroleum corp (PXP) Key Developments

Philex Petroleum Corporation Reports Audited Consolidated Earnings Results for the Year 2013

Philex Petroleum Corporation reported audited consolidated earnings results for the year 2013. The company trimmed its net loss to PHP 101.2 million last year from PHP 1.086 billion in the same period in 2012. Gross revenues fell 12.66% to PHP 208.773 million from PHP 239.033 million amid nearly flat petroleum revenues and a drop in earnings from coal.

Philex Petroleum Corporation Announces Petroleum Service Contract

Petroleum Corporation announced that it has received from the Department of Energy the duly executed copy of Petroleum Service Contract No. 75. SC 75 covers an area of approximately 616,000 hectares in the Northwest Palawan Basin which was refered to as Area 4 in the 4th Philippine Energy Contracting Round for Petroleum (PECR4 Area 4). The Petroleum Service Contract for PECR4 Area 4 was awarded to the bid group comprising Philex Petroleum Corporation (Operator, 50%), PNOC Exploration Corporation (35%), and PetroEnergy Resources Corporation (15%).

Philex Petroleum Corporation Announces Unaudited Consolidated Earnings Results for the Nine Months Ended September 30, 2013

Philex Petroleum Corporation announced unaudited consolidated earnings results for the nine months ended September 30, 2013. For the period, the company net loss surged 44.26% to PHP 190.210 million from PHP 131.850 million. Revenues were PHP 153,590,000 compared to PHP 120,304,000 a year ago. Loss before tax was PHP 231,773,000 compared to PHP 122,521,000 a year ago. Net loss attributable to equity holders of the parent company was PHP 203,992,000 or PHP 0.1200 per share compared to PHP 67,823,000 or PHP 0.0399 per share a year ago. The increase in net loss was mainly due to foreign currency conversion losses on the company's dollar-denominated advances from Philex Mining (Corp.), closure costs of Brixton Energy and Mining Corp., increased general and administrative expenses related to Pitkin Petroleum Plc., and partly offset by the gain on sale of Pitkin's Vietnam asset.


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Valuation PXP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 67.4x
Price/Book 19.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales 36.1x

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