ENTITY

Phoenix Petroleum Philippines (PNX PM)

11

Analysis

Energy • Philippines

Phoenix Petroleum Philippines, Inc. trades in petroleum products under the PHOENIX Fuels Life brand name on wholesale and retail basis in the Philippines. Its Trading segment markets, merchandises, purchases, sells, deals, acquires, disposes, and distributes goods and wares, such as petroleum, adhesives, glues, bonding agents, epoxy resins, lubricants, and other products. The company�s Depot and Logistics Services segment operates oil depots and storage facilities, as well as provides logistics services. Its Shipping and Cargo Services segment is involved in the hauling of petroleum products; operation of inter-island going vessels for domestic trade; chartering in and out vessels; and providing marine services to ship owners, operators, and managers. The company�s Real Estate segment is involved in real estate development, management, and operations, as well as selling parcels of land. It is also involved in terminaling and hauling services, such as leasing storage space in the company�s terminal depot; and into-plane services in the cities of Davao, Cagayan de Oro, Cotabato, Zamboanga, and Ozamis. In addition, the company engages in organizing, managing, administering, running, and supervising the operations and marketing of various kinds of services oriented companies comprising petroleum service stations; and buying, selling, supplying, distributing, importing, exporting, storing, and delivering various types of petroleum for industrial, marine, aviation, and automotive use. As of December 31, 2014, it had 418 service stations, including 141 service stations in Luzon, 56 in the Visayas, and 221 in Mindanao. The company was formerly known as Davao Oil Terminal Services Corp. and changed its name to Phoenix Petroleum Philippines, Inc. in August 2006. The company was incorporated in 2002 and is headquartered in Davao City, the Philippines.

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