SECURITIES AND EXCHANGE COMMISSION - petron.com

1 No YesCR05382-2015 SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-QQUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER1. For the quarterly period endedJun 30, 20152. SEC Identification Number311713. BIR Tax Identification Exact name of issuer as specified in its charterPETRON CORPORATION5. Province, country or other jurisdiction of incorporation or organizationPhilippines6. Industry Classification Code(SEC Use Only)7. Address of principal officeSan Miguel Head Office Complex, 40 San Miguel Avenue, Mandaluyong CityPostal Code15508. Issuer's telephone number, including area code(63 2) 886-3888, 884-92009. Former name or former address, and former fiscal year, if changed since last reportN/A10.

2 SECURITIES registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSAT itle of Each ClassNumber of Shares of Common Stock Outstanding and Amountof Debt OutstandingCOMMON (PCOR)9,375,104,497 PREFERRED SERIES 2A (PRF2A)7,122,320 PREFERRED SERIES 2B (PRF2B)2,877,680 TOTAL DEBT AS OF DECEMBER 31, 2014(IN MILLIONS)277,63211. Are any or all of registrant's SECURITIES listed on a Stock EXCHANGE ?If yes, state the name of such stock EXCHANGE and the classes of SECURITIES listed therein:Philippine Stock EXCHANGE - Common and Preferred Shares No Yes No Yes12. Indicate by check mark whether the registrant:(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunderor Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of theCorporation Code of the Philippines, during the preceding twelve (12) months (or for such shorterperiod that the registrant was required to file such reports)(b) has been subject to such filing requirements for the past ninety (90) daysThe EXCHANGE does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporatedisclosures, including financial reports.

3 All data contained herein are prepared and submitted by the disclosing party to the EXCHANGE ,and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly tothe Corporate Information Officer of the disclosing CorporationPCORPSE Disclosure Form 17-2 - Quarterly ReportReferences: SRC Rule 17 andSections and of the Revised Disclosure RulesFor the period endedJun 30, 2015 Currency (indicateunits, if applicable)Peso (in Millions)Balance SheetPeriod EndedFiscal Year Ended (Audited)Jun 30, 2015 Dec 31, 2014 Current Assets144,644219,029 Total Assets321,066391,324 Current Liabilities168,211202,587 Total Liabilities234,529277,632 RetainedEarnings/(Deficit)41,26640,815 Stockholders' Equity86,537113,692 Stockholders' Equity - Parent86,24697,332 Book Value per StatementCurrent Year (3 Months)Previous Year (3 Months)

4 Current Year-To-DatePrevious Year-To-DateOperating Revenue99,307133,056186,051258,230 Other Revenue186193445633 Gross Revenue99,493133,249186,496258,863 Operating Expense90,091127,699171,019246,559 Other Expense4,9434,54110,7238,260 Gross Expense95,034132,240181,742254,819 Net Income/(Loss)Before Tax4,4591,0094,7544,044 Income Tax Expense1,3082201,3461,030 Net Income/(Loss) AfterTax3,1517893,4083,014 Net Income AttributabletoParent Equity Holder2,9368773,0133,138 Earnings/(Loss) PerShare(Basic) (Loss) PerShare(Diluted)----Other Relevant InformationPlease see attached Quarterly Report (SEC Form 17-Q) of Petron Corporation for the 2nd Quarter of 2015 filed with theSecurities and EXCHANGE on August 14, on behalf by:NameJhoanna Jasmine Javier-ElacioDesignationLegal Manager and Assistant Corporate Secretary - 1 - 3 1 1 7 1 P E T R O N C O R P O R A T I O N S M C H E A D O F F I C E 4 0 S A N M I G U E L A V E.

5 M A N D A L U Y O N G C I T Y 1 2 - 3 1 0 5 1 9 Dept. Requiring this Doc. Total No. of Stockholders Remarks = pls. use black ink for scanning purposes C O V E R S H E E T S. E. C. Registration Number (Company's Full Name) Fiscal Year Month (Business Address: No. Street City / Town / Province) ATTY. JOEL ANGELO C. CRUZ 886-3888 Contact Person Company Telephone Number SEC Form 17-Q (2nd Quarter 2015) FORM TYPE Month Day Secondary License Type, if Applicable N/A Day Annual Meeting Domestic Foreign To be accomplished by SEC Personnel concerned Amended Articles Number/Section Total Amount of Borrowings S T A M P S Fiscal Number LCU Document I. D. Cashier (For 2015) Permit to offer SECURITIES 150,235 (as of June 30, 2015) - 2 - SECURITIES AND EXCHANGE COMMISSION SEC FORM 17-Q QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17 (2)(b) THEREUNDER 1.

6 For the quarterly period ended June 30, 2015. 2. SEC Identification Number 31171 3. BIR Tax Identification No. 000-168-801 4. Exact name of registrant as specified in its charter PETRON CORPORATION 5. Philippines 6. (SEC Use Only) Province, Country or other jurisdiction of incorporation or organization Industry Classification Code: 7. Mandaluyong City, 40 San Miguel Avenue, 1550 Address of principal office Postal Code 8. (0632) 886-3888 Registrant's telephone number, including area code 9. N/A (Former name, former address, and former fiscal year, if changed since last report.)

7 10. SECURITIES registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding(As of December 31,2014) Common Stock 9,375,104,497 Shares Preferred Stock Series 2A 7,122,320 Shares Preferred Stock Series 2B 2,877,680 Shares Total Liabilities P277,632 Million(as of December 31, 2014) - 3 - 11. Are any or all of these SECURITIES listed on the Philippine Stock EXCHANGE . Yes [X ] No [ ] If yes, state the name of such stock EXCHANGE and the classes of SECURITIES listed therein: Philippine Stock EXCHANGE Common and Preferred Shares 12.

8 Indicate by check mark whether the Registrant: (a) has filed all reports required to be filed by Section 17 of the Code and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 11 (a)-1 thereunder, and Sections 26 and 141 of the Corporation Code of the Philippines, during the preceding 12 months (or for such shorter period the registrant was required to file such reports). Yes [X ] No [ ] (b) has been subject to such filing requirements for the past 90 days. Yes [X ] No [ ] - 4 - Page No. PART I - FINANCIAL INFORMATION Item 1 Financial Statements Petron Corporation & Subsidiaries Consolidated Statements of Financial Position 5-6 Petron Corporation & Subsidiaries Consolidated Statements of Income 7 Petron Corporation & Subsidiaries Consolidated Statements of Comprehensive Income 8 Petron Corporation & Subsidiaries Consolidated Statements of Changes in Equity 9 Petron Corporation & Subsidiaries Consolidated Statements of Cash Flows 10-11 Selected Notes to Consolidated Financial Statements 12-48 Details of Accounts Receivables 49 Item 2 Management s Discussion and Analysis of Financial Conditions and Results of

9 Operations 50-55 PART II - OTHER INFORMATION Other Information 56 SIGNATURES 57 - 5 - PETRON CORPORATION AND SUBSIDIARIES CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION (Amounts in Million Pesos) Unaudited Audited June 30 December 31 Note 2015 2014 ASSETS Current Assets Cash and cash equivalents 9,10 P20,870 P90,602 Financial assets at fair value through profit or loss 9,10 256 470 Available-for-sale financial assets 9,10 230 430 Trade and other receivables - net 9,10 53,809 56,299 Inventories 50,186 53,180 Other current assets 19,293 18,048 Total Current Assets 144,644 219,029 Noncurrent Assets Available-for-sale financial assets 9,10 348 451 Property, plant and equipment - net 5 158,868 153,650 Investments in an associate 1,740 1,162 Investment property - net 112 113 Deferred tax assets 197 242 Goodwill 8,353 8.

10 921 Other noncurrent assets - net 9,10 6,804 7,756 Total Noncurrent Assets 176,422 172,295 P321,066 P391,324 LIABILITIES AND EQUITY Current Liabilities Short-term loans 8,9,10 P105,743 P133,388 Liabilities for crude oil and petroleum product importation 9,10 29,307 24,032 Trade and other payables 9,10 17,657 39,136 Derivative liabilities 9,10 164 98 Income tax payable 94 73 Current portion of long-term debt - net 9,10 15,246 5,860 Total Current Liabilities 168,211 202,587 Forward - 10 - PETRON CORPORATION AND SUBSIDIARIES CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS (UNAUDITED) (Amounts in Million Pesos) For the Six Months Ended June 30 Note 2015 2014 CASH FLOWS FROM OPERATING ACTIVITIES Income before income tax P4,754 P4,044 Adjustments for.