As of July 16, 2018 3:20 PM PNX Petroleum Last Trade Price: 12 % Change: -0.17 Volume: 15,400 Symbol: PNXFind a Station

Our Story

15 years. It only seems like yesterday.

Phoenix Petroleum started as a family business in Davao City, Philippines. In just 15 years it would become the country’s #1 independent oil company. Here’s a look at our young history and the amazing road we’ve charted.

2002

Young entrepreneur Dennis Uy establishes an oil company in Davao City. The dream to be fourth behind the top 3 major players is underway.

2003

2003

As a newborn venture, the company faces some uphill challenges. With just a handful of employees and limited resources, it spends the year adjusting and laying the groundwork for solid, imminent growth.

2006

2006

The company is officially renamed “Phoenix Petroleum Philippines, Inc.” It sounds complete and comprehensive. And more ambitious.

It adds lubricants to its product line and grows to 20 stations by year-end, all in southern Mindanao.

To serve its domestic fuel requirements, Phoenix acquires its first shipping vessel, which later becomes its own business, Chelsea Shipping Corporation.

At this point, Phoenix ranks 570th among the country’s Top 10,000 Corporations based on revenue. Not too bad for an upstart.

2009

2009

Our 100th Phoenix station opens in General Santos City, with world boxing champion Manny Pacquiao as dealer and brand ambassador.

The company also acquires a 60-hectare industrial park in Batangas, which would be later known as Phoenix Petroterminals and Industrial Park. Its largest terminal facility operates there.

Phoenix opens a station in Cebu, its first station in Visayas. By year-end, it has 120 stations around the Philippines.

We’re also at 211th in the Philippine Top 10,000 Corporations.

2012

2012

The First Decade

We go from 1 to 300 retail stations in 10 years.

A decade since its inception, Phoenix becomes the #1 independent oil player. The company celebrates with a new vision statement: “To be an indispensable partner in the journey of everyone whose life we touch.”

2015

2015

The company is now 454 stations nationwide.

Phoenix is awarded the Outstanding Filipino Franchise in Retail-Large Store category in the 2015 Franchise Excellence Awards (FEA).

It launches a revitalized line of lubricants for automotive, commercial, and industrial uses. They’re especially formulated to boost speed and power, oil and engine life, and protection.

2004

2004

The company is renamed Davao Oil Terminal Services Corporation.

2007

2007

Going Public

Phoenix Petroleum lists on the Philippine Stock Exchange on July 11, the first oil company to list on the PSE after the passage of the Oil Deregulation Law in 1998. The IPO is 15 times oversubscribed and fuels the company’s expansion from Davao to the rest of the Philippines.

In just one year we jump from 570th to 473rd among the country's Top 10,000 corporations.

2010

2010

More people join the growing Phoenix family. Phoenix cracks the top 100 in that 10,000 Corporation list (we’re 84th to be precise).

2013

2013

New Wave

Riding an unstoppable wave of growth, Phoenix inaugurates its Phoenix CME (Coco Methyl Esther) Manufacturing Plant in Cagayan de Oro.

It launches Phoenix Premium 98, the company’s flagship, high-performance fuel that restores lost engine performance.

Phoenix enters a multi-year partnership with the National Basketball Association (NBA) as its official fuel partner.

Its stations number at 368 nationwide.

The company finishes the year ranked 31st among the country's Top 1,000 Corporations.

2016

2016

It’s Time We Play Ball

Phoenix joins the Philippine Basketball Association (PBA). Its rising team, the Phoenix Fuel Masters, makes its debut in the 2016 Commissioner’s Cup.

The company inaugurates its new corporate headquarters in Davao City. It also unveils its new station design, featuring a sleek and cleaner look.

By November, Phoenix sells its subsidiaries Chelsea Shipping Corporation and Phoenix Petroterminals and Industrial Park Corp. to its parent company, UDENNA Corporation, to focus on the core business of petroleum.

Phoenix reaches 505 stations nationwide. It also outpaces the industry in volume sales with a record volume sold. For the first time, Phoenix reaches the 1-billion-peso mark in its net income.

2005

2005

Let’s take To The Sky!
Cebu Pacific Air becomes the company’s first customer. DOTSCO provides the rising airline the lease of a storage tank, and later, into-plane services, eventually becoming their exclusive logistics provider in Mindanao and major fuel supplier.                                                                                                                   The company ventures into retail by opening its first five gas stations in Davao and Mindanao, introducing the “Phoenix Fuels Life” brand.

2008

2008

Phoenix Rises in Luzon

We open our very first Luzon station in Marikina. It’s our 75th station nationwide.

2011

2011

Phoenix heads to Cagayan de Oro to inaugurate its most modern terminal facility yet. With this and many other terminals and depots in key islands nationwide, Phoenix has the largest storage capacity among local independent oil companies.

Our retail network expands to 220 stations.

2014

2014

Phoenix opens its 418th station.

Several of its larger stations start featuring well-known locators in fast food, quick service restaurants, convenience stores, car maintenance, and other services.

It launches Pinoy Tsuper Hero, a first-of-its-kind advocacy program, to recognize and empower Filipino drivers. Pinoy Tsuper Hero advocates safe driving, safe roads, and a better travel environment for the public.

2017

2017

Fuel. Franchises. Food.

The company marks its 10th Listing Anniversary with a blockbuster promotion of 10 pesos per liter of fuel in select stations for a limited time.

It also achieves a significant milestone: 4.4 million safe man-hours from January 2015 - December 2017, and counting.

Phoenix expands into several other businesses. It gets into LPG by acquiring Petronas Energy Philippines, Inc. and renaming it Phoenix LPG Philippines, Inc. It also acquires Philippine FamilyMart, the country’s third largest convenience store chain. Lastly, it establishes PNX Petroleum Singapore Pte Ltd., its regional trading and supply presence.

Affiliate Chelsea Logistics Holdings Corporation, parent of Chelsea Shipping, successfully lists on the Philippine Stock Exchange. Phoenix Petroterminals and Industrial Park is renamed to Calaca Industrial Seaport Park.

2009

2003

Teething. As a newborn venture, we face some uphill challenges. With just a handful of employees and limited resources, the company spends the year adjusting and laying the groundwork for solid, imminent growth.
2004

2004

The company is renamed Davao Oil Terminal Services Corporation.

Let’s take To The Sky!
Cebu Pacific Air becomes the company’s first customer. DOTSCO provides the rising airline the lease of a storage tank, and later, into-plane services, eventually becoming their exclusive logistics provider in Mindanao and major fuel supplier.

2005

2005

The company opens its first five gas stations in Davao and Mindanao, introducing the “Phoenix Fuels Life” brand.
2006

2006

The company is officially renamed “Phoenix Petroleum Philippines, Inc.” It sounds complete and  comprehensive. And more epic.

We add lubricants to our product line and grow to 20 stations by year-end, all in southern Mindanao.

To serve its domestic fuel requirements, Phoenix acquires its first shipping vessel, which later  becomes its own business, Chelsea Shipping Corporation.

At this point we rank 570th among the country’s Top 10,000  Corporations based on revenue. Not too shabby.

2007

2007

We Go Public.
Phoenix Petroleum lists on the Philippine Stock Exchange on July 11, the first oil company to list on the PSE after the passage of the Oil Deregulation Law in 1998. The IPO is 15 times oversubscribed, and fuels the company’s expansion from Davao to the rest of the
Philippines.

In just one year we jump from 570th to 473rd among the  country's Top 10,000 corporations. Boom.

2008

2008

Phoenix rises in Luzon.
We open our very first Metro Manila station in Marikina. It’s our 75th station nationwide.  People cheer. Stocks rise. We stay up past our bedtimes.
2009

2009

Our 100th Phoenix station opens in General Santos City, with world boxing champion Manny Pacquiao as dealer and brand ambassador. He says something inspirational, we can’t remember. Probably too busy celebrating.

We also acquire a 60-hectare industrial park in Batangas, which would be later known as Phoenix Petroterminals and Industrial Park. Our largest terminal facility operates there.

We open a station in Cebu, the first Phoenix station in Visayas. By year-end we have 120 stations around the Philippines.

We’re also at 211th in the Philippine Top 10,000 Corporations.

2010

2010

More people join the growing Phoenix family; our 150th station opens in Liloan, Cebu.

Phoenix cracks the top 100 in that 10,000 Corporation list (we’re 84th to be precise).

More people join the growing Phoenix family; our 150th station opens in Liloan, Cebu.

Phoenix cracks the top 100 in that 10,000 Corporation list (we’re 84th to be precise).

2011

2011

We head to Cagayan de Oro and inaugurate our most modern  terminal facility yet. With this and many other terminals and depots in key islands nationwide, Phoenix has the largest storage capacity among local independent oil companies.

Our retail network expands to 220 stations.

2012

2012

The First Decade
10 years since our inception, Phoenix becomes the #1 independent oil player. We celebrate with a new vision statement: “To be an indispensable partner in the journey of everyone whose life we touch.”

Phoenix joins the Philippine Business for Social Progress (PBSP), the largest corporate-led, non-profit social development foundation in the Philippines. We also acquire the Chelsea Shipping Corporation and are seaborne.

We sign the Integrity Pledge, a formal commitment to abide by ethical business practices.

We go from 1 to 300 retail stations in 10 years. We cap 2012 with fireworks and lots of calories.

2013

2013

New Wave
Riding an unstoppable wave of growth, we inaugurate the Phoenix CME (Coco Methyl Esther) Manufacturing Plant in Cagayan de Oro.

We launch Phoenix Premium 98, our flagship, high-performance fuel that restores lost engine performance.

We enter a multi-year partnership with the National Basketball Association (NBA).

Our stations number at 368 nationwide.

We finish the year ranked 31st among the country's Top 1,000 Corporations.

2014

2014

We open our 418th station.

Several of our larger stations start featuring well-known locators in fast food, quick service restaurants, convenience stores, car maintenance, and other services.

We launch Pinoy Tsuper Hero, a first-of-its-kind advocacy program, to recognize and empower Filipino drivers. It advocates safe driving, safe roads, and a better travel environment for the public.

2012

2015

We now reach 454 stations nationwide.

Phoenix depots also reach a safety milestone of 1.69 million safe man hours.

We’re awarded the Outstanding Filipino Franchise in Retail-Large Store category in the 2015 Franchise Excellence Awards (FEA).

We launch a revitalized line of lubricants automotive, commercial, and industrial uses. They’re
especially formulated to boost speed and power, oil and engine life, and protection.

2016

2016

It’s Time We Play Ball
Phoenix joins the Philippine Basketball Association (PBA). Its powerhouse team, The Phoenix Fuel Masters, makes its debut in the 2016 Commissioner’s Cup.

We inaugurate our new corporate headquarters in Davao City. We also unveil our new station design, featuring a sleek and cleaner look.

By November, we sell our subsidiaries Chelsea Shipping Corporation and Phoenix Petroterminals and Industrial Park Corp. to our parent company, so we can focus on the core business of petroleum.

We reach 505 stations nationwide. We also outpace the industry in volume sales with an all-time high of 1.5 billion liters.

2017

2017

Fuel. Franchises. Food.
Phoenix marks its 10th Listing Anniversary with the launch of the LIFE Fund for the benefit of soldiers and their families in Marawi.

We also achieve a significant milestone: 3 million safe man-hours from January 2015 - January 2017.

Phoenix expands into several other businesses: we get into LPG by acquiring Petronas Energy Philippines, Inc. and renaming it Phoenix LPG Philippines, Inc. We also acquire Philippine Family Mart, the country’s third largest convenience store chain. Lastly, we establish PNX Petroleum Singapore Pte Ltd., our regional trading and supply presence.

Affiliate Chelsea Logistics Corporation, parent of Chelsea Shipping, successfully lists on the Philippine Stock Exchange. Phoenix Petroterminals and Industrial Park is renamed to Calaca Industrial Seaport Park.

2018

Phoenix forms a joint venture with TIPCO Asphalt of Thailand and PhilAsphalt to market bitumen in the Philippines (expanding its portfolio to include bitumen and bitumen-related products).

It launches the cutting-edge Phoenix PULSE Technology in its fuel products. PULSE Technology has advanced cleaning action and protection for enhanced power and acceleration, making trips come alive.

What else is in store for 2018? A whole lot. There are more products to introduce, stations to open, and regions to reach. Stick with us for the ride. The journey is only as great as the people with whom we travel!

Join our growing team