PNOC EC Holds 2025 Annual Stockholders Meeting

PNOC EC Officers view the Audio-Visual Presentation of the Company’s 2024 Highlights during the Annual Stockholders Meeting.

31 July 2025, Bonifacio Global City, Taguig – PNOC Exploration Corporation, the oil, gas, and coal exploration and development arm of the National Government, held its 2025 Annual Stockholders Meeting on Tuesday, 29 July 2025, both online and at the Pagasa Hall in a hybrid arrangement.

Hon. Alessandro O. Sales, Undersecretary of the Department of Energy, presided over the Meeting, on behalf of the Ex-Officio Chairperson, Energy Secretary Sharon S. Garin. Reading from the message of Sec Garin, USec. Sales said, “Under the leadership of His Excellency, Pres. Ferdinand R. Marcos Jr., PNOC EC remains fully aligned with the national goal of achieving a secure and sustainable energy future by 2028.”

The Company then gave a comprehensive Management Report of developments in all of its projects in oil, gas, and coal, as well its accomplishments in Health, Safety, Security and the Environment, Gender and Development, and Corporate Social Responsibility and Social Performance, over the previous year.

On the financial front, PNOC EC had a solid fiscal year, as it remitted nearly P2 billion in dividends to the National Government, with net income growing to P1.21 billion driven primarily by strong gas and coal revenues.