Annual Report
2023
PXP Energy Corporation navigates through the currents, demonstrating its resilience and resoluteness to bounce back. Through strong partnerships, PXP actively shapes its future, striving to secure a sustainable outcome for all its stakeholders.
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2022
PXP Energy Corporation’s unwavering commitment to fulfilling its obligations by going above and beyond for its investors, employees, and stakeholders has enabled the company to overcome challenges and adversity along its course. Despite facing industry headwinds, PXP continues to see the brighter side of every situation, and finds ways to overcome it.
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2021
PXP Energy Corporation’s sense of adaptability allows it to shift directions no matter the obstacle or delay. It can forge a new path by looking for other projects that will contribute to the country’s power supply. It continually strives to integrate sustainability into its business practices and culture to lead the way in its industry. It remains determined to maximize its resources, improve health and safety, and craft more efficient ways of working.
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2020
2020 was an arduous year for the petroleum industry due to the pandemic and global oil price2020 was an arduous year for the petroleum industry due to the pandemic and global oil price crash. Despite these challenges, PXP remains on track to fulfill its commitment to explore and develop a new hydrocarbon field that can sustain the energy requirement of the Philippines.
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2019
The cover illustrates the Company's value chain that starts from exploration and expands through community impact. PXP aspires to connect different sectors in the country through its exploration efforts that would lead to powering businesses, industries, and communities. "Exploring Solutions, Creating Change" discloses the Company's ultimate goal of providing energy solutions that will faster progress across sectors in the community. We improve and adapt to changing environment, and continue to collaborate to create valuable and lasting impact.
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2018
The cover shows determined employees running past symbolic obstacles, ever upwards, toward the promise of a future of growth, representing our workforce driving behind our success. "Ascent" demonstrates how the company is rising above the challenges it is currently facing to achieve successful business operations. We are confident that with the right attitude and hard work, we can only rise higher.
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2017
With a vision of “A Future for All”, PXP Energy Corporation (“PXP”), formerly known as Philex Petroleum Corporation, continues to manage prudently its exploration and production activities and strengthens its financial performance to ensure a brighter tomorrow for all its stakeholders across different generations.
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2016
The cover design, featuring an oil platform with superimposed images of a coral reef, captures the premium that PXP Energy has committed to the environment. Beyond financial performance, the Company is also one with the community in making the world a better place to live in.
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2015
The cover photo, the semi-submersible rig utilized during Galoc Oil Field’s Phase 2 Development, symbolizes the company’s unwavering commitment to explore, produce and develop existing petroleum assets -- whether frontier areas or well-established producing oil fields, amidst wild waves and strong currents driven by the petroleum energy downturn.
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2014
The cover design symbolizes the symmetry between the Company’s objective and the Government’s goal of developing sustainable indigenous energy sources to fuel the country’s drive towards economic development and energy security. It also depicts the importance of achieving the right balance between energy development and environmental preservation in the global energy industry.
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2013
The cover design illustrates the contribution of Philex Petroleum towards development. As a Philippine oil and gas exploration company, Philex Petroleum is involved in the complex and challenging business of searching for oil and gas resources deep beneath the earth’s surface.
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2012
While the business of petroleum exploration and production is far from simple, our cover aims to illustrate this complex business through simple lines, icons and bold colors. Beyond the bottom line, our success must also be measured against a long-term commitment to enhancing lives, protecting the environment, and creating value for the nation.
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2011
Philex Petroleum is a Philippine corporation organized in December 2007 as a wholly-owned subsidiary of Philex Mining, a leader in mining and a pioneer in oil and gas exploration in the Philippines. Pursuant to various assignment agreements executed in 2010, Philex Petroleum acquired Philex Mining’s interest in three petroleum service contracts in the Philippines, as well as various petroleum contracts in the Philippines, Gabon, Peru, the United States and Vietnam, through its stockholdings in FEP, Pitkin, PERC and FEC.
Click hereRecent Announcements
October 31, 2024
Press Release - Unaudited Financial and Operating Highlights for the 9-Month period ended September 30,2024
August 14, 2024
Quarterly Report
August 9, 2024
Statement of Changes in Beneficial Ownership of Securities
August 8, 2024
PXP 2024 General Information Sheet - SEC GIS
July 12, 2024
Initial Statement of Beneficial Ownership of Securities
PXP Energy Corporation