Phoenix Petroleum
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Phoenix Petroleum Philippines, Inc. () is the first independent oil company to be listed in the Philippine Stock Exchange after the Oil Deregulation Law was passed in 1998. It is the first company from
Davao City Davao City, officially the City of Davao ( ceb, Dakbayan sa Dabaw; ), is a first class highly urbanized city in the Davao Region, Philippines. The city has a total land area of , making it the largest city in the Philippines in terms of lan ...
to be listed in the
Philippine Stock Exchange The Philippine Stock Exchange, Inc. ( fil, Pamilihang Sapi ng Pilipinas; ) is the national stock exchange of the Philippines. The exchange was created in 1992 from the merger of the Manila Stock Exchange and the Makati Stock Exchange. Includin ...
. Phoenix is engaged in the business of trading refined petroleum products and lubricants, operation of oil depots and storage facilities, and allied services. It is described as "one of the country’s most aggressive independent oil companies" having reached a core net income of in 2010, compared to its earnings in 2009.


History

Phoenix is a home-grown company in Davao City. It was originally incorporated on May 8, 2002 as Oilink Mindanao Distribution, Inc., and changed its name in January 2004 to Davao Oil Terminal Services Corporation (DOTSCO). The small family business began operations in its current form thereon, distributing petroleum products to various commercial entities in Mindanao. Its first big account was
Cebu Pacific Cebu Air, Inc., operating as Cebu Pacific (), is a low-cost airline of the Philippines. Founded in 1988, it is Asia's oldest low-cost airline. It offers scheduled flights to both domestic and international destinations. The airline operates fl ...
. As the airline's exclusive logistics partner since 2004, the oil company provides Cebu Pacific's refueling requirements in all its Mindanao destinations. In 2006, the company was renamed Phoenix Petroleum Philippines, Inc. and introduced lubricants and car care products to its product line. It became a publicly-listed company on July 11, 2007, offering 25% of its total outstanding shares to the public. Phoenix Petroleum became the first independent oil company to be listed in the Philippine Stock Exchange after the Oil Deregulation Law was passed in 1998. Phoenix Petroleum also became the first company from Davao City to go public. Phoenix received a certification for ISO 9001:2000 quality system standards for its Davao bulk plant and aviation fuel tank truck operations in 2008. In the same year, the oil company opened its first Manila station in Marikina and has jumped to rank 242 in the Philippines Top 10,000 Corporations in 2008 from being in rank 473 in 2007. In 2011, it ranked 53rd. Phoenix is the first petroleum company to introduce a toll-free number for franchising in 2009. The
Social Security System Welfare, or commonly social welfare, is a type of government support intended to ensure that members of a society can meet basic human needs such as food and shelter. Social security may either be synonymous with welfare, or refer specifical ...
acquired up to 9.68 percent stake in Phoenix Petroleum in 2009, from its initial 2.78 percent. "We believe that with its track record and its positive business prospects, our addition of Phoenix Petroleum to the SSS' list of investments was a good decision," says SSS President
Romulo Neri Romulo Neri (born 1 February 1950) is a Filipino educator and public servant. He held several high-ranking government positions such as Secretary of Socio-Economic Planning and concurrently Director-General of the National Economic and Development ...
. World boxing champion
Manny Pacquiao Emmanuel Dapidran Pacquiao Sr. (; born December17, 1978) is a Filipino politician and former professional boxer. Nicknamed "PacMan", he is regarded as one of the greatest professional boxers of all time. He served as a Senator of the Philip ...
owns the 100th Phoenix station in
General Santos City General Santos, officially the City of General Santos,; hil, Dakbanwa sang Heneral Santos; Maguindanao: ''Ingud nu Heneral Santos''; Blaan: ''Banwe Dadiangas''; Tboli: ''Benwu Dadiangas''; Filipino: ''Lungsod ng Heneral Santos'' and abbrev ...
. In 2012, Phoenix is the seventh top importer in the country having remitted in import taxes to the government. Phoenix reportedly ended the first quarter of 2013 with 325 retail stations. The revenue of Phoenix in the first quarter of 2013 increased from last year to this year On February 1, 2013, Phoenix Petroleum signed a marketing partnership with the
National Basketball Association The National Basketball Association (NBA) is a professional basketball league in North America. The league is composed of 30 teams (29 in the United States and 1 in Canada) and is one of the major professional sports leagues in the United S ...
(NBA) as the Official Petroleum Partner of the NBA in the
Philippines The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republ ...
. Phoenix Petroleum will be integrated into NBA media and events in the country, including NBA.com/Philippines and the Jr. NBA presented by
Alaska Alaska ( ; russian: Аляска, Alyaska; ale, Alax̂sxax̂; ; ems, Alas'kaaq; Yup'ik: ''Alaskaq''; tli, Anáaski) is a state located in the Western United States on the northwest extremity of North America. A semi-exclave of the U.S., ...
, the league's youth
basketball Basketball is a team sport in which two teams, most commonly of five players each, opposing one another on a rectangular Basketball court, court, compete with the primary objective of #Shooting, shooting a basketball (ball), basketball (appr ...
development program. As part of the partnership, Phoenix Petroleum will also conduct NBA themed promotions in 300 service stations nationwide, giving fans in the provincial areas a chance to win exciting prizes and unique NBA experiences. It is also involved in the golf, as the Philippine Sports Commission commends Phoenix for having the long-term development program for golf in the country. In 2016, Phoenix acquired the franchise of
Barako Bull Energy The Barako Bull Energy were a Philippine Basketball Association team that began in 2002 as the FedEx Express. From its first season until 2005, the team was dubbed as the FedEx Express before changing to Air21 Express. From the 2009 PBA Fies ...
in the
Philippine Basketball Association The Philippine Basketball Association (PBA) is a men's professional basketball league in the Philippines composed of twelve company-branded franchised teams. Founded in 1975, it is the first professional basketball league in Asia and is the se ...
(PBA). Prior to this, Phoenix participated in the
PBA D-League The PBA Developmental League, or PBA D-League, is the Philippine Basketball Association's official minor league basketball organization. History The PBA D-League was conceptualized after the collapse of the proposed merger between the Philip ...
in 2016 as the Phoenix Petroleum Accelerators. The Phoenix PBA franchise is playing currently as the
Phoenix Super LPG Fuel Masters The Phoenix Super LPG Fuel Masters is a professional basketball team owned by Phoenix Petroleum, Phoenix Petroleum Philippines, Inc., which debuted in the Philippine Basketball Association (PBA) in the 2015–16 PBA season, 2016 2016 PBA Commis ...
. In 2017, Phoenix entered the LPG industry after acquiring Petronas Energy Philippines Inc., which became what is now Phoenix LPG Philippines, Inc. In 2018, Phoenix has completed its acquisition of the Philippine franchise of the convenience store chain
FamilyMart is a Japanese convenience store franchise chain. It is Japan's second largest convenience store chain, behind 7-Eleven. There are now 24,574 stores worldwide in Japan, Taiwan, China, Philippines, Thailand, Vietnam, Indonesia, and Malaysia. Its ...
, from
Ayala Corporation Ayala Corporation (Spanish: ''Corporación Ayala'', formerly ''Ayala y Compañía'' (Ayala & Company)) is the publicly listed holding company for the diversified interests of the Ayala Group. Founded in the Philippines by Domingo Róxas and A ...
, Rustan's Group and
ITOCHU Corporation is a Japanese corporation based in Umeda, Kita-ku, Osaka and Aoyama, Minato, Tokyo. It is one of the largest Japanese '' sogo shosha'' (general trading companies). Among Japanese trading companies, it is distinguished by not being descen ...
. This even led to establishing FamilyMart branches at select Phoenix stations.


Products and services

Terminaling, Hauling and Into-Plane Services These involve leasing of storage space in its terminal depot, hauling, and into-plane services in the cities of Davao, Cagayan de Oro, Cotabato, Zamboanga, and Ozamis. The Phoenix depots store variety of chemical and petroleum products and are available as bulk storage facilities. The company also operates trucks that deliver products to customers 24/7 through Petrologistix Inc., its subsidiary. Trading, Supply, and Distribution of Fuels Phoenix offers range of petroleum products for different needs of motorists. The company also delivers Phoenix fuels to the client's area and for high volume accounts, Phoenix sets up pump stations within the client's area of operation. Lubricants & Specialties Gasoline engine oils, diesel engine oils, motorcycle oils, automotive engine oils, transmission oils, automotive greases, industrial lubricants are among the lubricants sold by Phoenix Petroleum Philippines, Inc.


Expansion

Phoenix Petroleum Philippines, Inc. acquired the Batangas Union Industrial Park in 2007. The
Calaca A calaca (, a colloquial Mexican Spanish name for skeleton) is a figure of a skull or skeleton (usually human) commonly used for decoration during the Mexican Day of the Dead festival, although they are made all year round. Description Tracing t ...
terminal at the industrial park is the largest depot yet of Phoenix and the company's first in Luzon, with its capacity of . The park is now known as Phoenix Petroterminals & Industrial Park. The Board of Investments had also granted tax and fiscal incentives to Phoenix for its petroleum product facility in
Zamboanga City Zamboanga City, officially the City of Zamboanga (Chavacano and es, Ciudad de Zamboanga, Tausug language, Tausūg: ''Dāira sin Sambuangan'', fil, Lungsod ng Zamboanga, ceb, Dakbayan sa Zamboanga), is a city in the Zamboanga Peninsula region ...
, a project with a 4.9 million-liter storage facility for Phoenix petroleum products. Phoenix has other depots in Davao City, Aklan, Surigao, Zamboanga, Batangas, and Cagayan De Oro. They also plan to build more in Cebu and Bacolod.


Socioeconomic involvement

Through the Phoenix Philippines Foundation, Inc., the company supports and initiates projects in education, health, environment, and outreach. Some of its regular activities include the Adopt-a-School program, book donation, coastal clean-up, blood donation,
tree planting Tree-planting is the process of transplanting tree seedlings, generally for forestry, land reclamation, or landscaping purpose. It differs from the transplantation of larger trees in arboriculture, and from the lower cost but slower and less re ...
, and annual Christmas party to children.


See also

*
Phoenix Fuel Masters The Phoenix Super LPG Fuel Masters is a professional basketball team owned by Phoenix Petroleum Philippines, Inc., which debuted in the Philippine Basketball Association (PBA) in the 2016 Commissioner's Cup. The franchise began after the compa ...
*
Udenna Corporation Udenna Corporation is a holdings company made by the Udenna Group of Companies which is based in Davao City, Philippines, and founded by businessman Dennis Uy. Primarily involved in the Petroleum industry, petroleum and shipping industry in its i ...
*
Dito Telecommunity Dito Telecommunity Corporation (stylized as DITO), formerly known as Mindanao Islamic Telephone Company, Inc. or Mislatel is a telecommunications company in the Philippines which is also engaged in the business of multimedia and information te ...
* List of gas station chains in the Philippines


References


External links


Phoenix Petroleum Philippines, Inc. Official WebsiteHistory of Phoenix Petroleum Philippines, Inc.Company profile of Phoenix in the Philippine Stock Exchange
{{Phoenix Fuel Masters Oil and gas companies of the Philippines Companies based in Davao City Energy companies established in 2002 Non-renewable resource companies established in 2002 Companies listed on the Philippine Stock Exchange Udenna Corporation Gas stations in the Philippines