Phoenix Petroleum has further expanded its market share based on data from the Ministry of Energy. May 2021, the domestic independent oil company holds 7.81% of the domestic market share compared to 7.1% at the end of 2020, consolidating its position as the third largest oil company in the country. “Despite challenges and setbacks, we have remained determined and optimistic throughout this pandemic, and I am glad our efforts are bearing fruit,” said Phoenix President Henry Bong Fadullon. “With quarantine restrictions being relaxed and the country’s vaccinations continuing, safety remains our top priority, but we are more optimistic now. In fact, our second quarter has delivered excellent results and encouraged us to look forward to an even more business-friendly environment. ”Mr. Fadullon stated in May that his April business results exceeded pre-COVID levels for the first time since the pandemic began the company’s commitment to priorities including delivering the best offer to customers, operational excellence, and accelerating growth. The company also highlighted its focus on streamlining operations, improving resource management and efficiency. Phoenix has held its own as the third largest oil company in the Philippines since last year. “We are proud and grateful that, despite the difficulties the pandemic caused, we can continue to grow our business while serving even more communities,” added Fadullon.