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About Us
The Philippine National Oil Company was created in 1973 to ensure an adequate supply of oil and oil products to sustain the economy’s growth and the nation’s social well-being. Since then, amendments have been made to its charter to include the country’s exploration, exploitation, and development of all energy resources.
Since its creation in 1973, PNOC has operated as a holding company, and its mandates were undertaken through subsidiaries it created. Over the years, these subsidiaries were either privatized or abolished. In September 2014, the Governance Commission for GOCCs (GCG) mandated the transformation and reorganization of PNOC from a purely holding to also an operating company.
