TAGUIG CITY, Metro Manila—As PNOC celebrates more than five decades of service to the Filipino people, the company is ready to face industry headwinds with renewed commitment on financial discipline, asset optimization, and stronger partnerships to drive investments in the country’s energy industry.
The company marked its 52nd founding anniversary on November 7, 2025, with a thanksgiving mass and a commemorative program, where President and CEO Ma. Cristina Sheila C. Cabaraban highlighted strategic directions for the years ahead.
In her address, the PCEO reflected on PNOC’s mission of providing a secure and reliable source of energy for the country, as well as the evolving challenges that define its current operating landscape. “Every generation of PNOC employees since then has carried that mission forward. Today, we inherit both its challenges and its promise, and we will face these challenges candidly, lawfully, and together,” she said.
While acknowledging the changing realities, PCEO Cabaraban affirmed that the company remains fiscally sound and well-positioned to sustain its operations and pursue opportunities that strengthen energy security, affordability, and environmental sustainability.
The PCEO also highlighted PNOC’s resilience and strength in navigating periods of transition. “PNOC has been at its best in difficult seasons—steady, transparent, and focused. We will navigate this transition the same way by working as one team, partnering with industry, and delivering value that stands up to scrutiny,” she remarked.
She further noted that the company continues to be a dependable fiscal partner to the National Government, remitting over Php 2 billion in dividends and paying around Php 1.4 billion in taxes for fiscal year 2024, with cumulative remittances reaching Php 150 billion since its inception.
PNOC will continue its focus on supporting the private sector in advancing the country’s energy goals. “Our mandate remains unchanged. We exist to strengthen the country’s energy security by complementing—not competing with—the private sector,” PCEO Cabaraban added.
As it moves into its next phase, PNOC will prioritize enabling investment, managing project risks, and mobilizing private capital to support the country’s energy transition. To achieve these goals, the company will tighten operational controls, pursue the monetization of strategic lands through joint ventures and public-private partnerships, and ensure that all contracts adhere to the highest standards of transparency, accountability, and compliance with existing laws.
The anniversary program also featured PNOC 2025 in Review, a presentation highlighting the company’s accomplishments and milestones over the past year. The celebration also recognized the dedication and commitment of its workforce through the awarding of service loyalty plaques to 11 employees who have served the government for 10 to 30 years.
Gracing the event were PNOC Board of Directors Joel R. Caminade, Patrick Leo T. Chua, and Robert N. Patrimonio.
Guided by its new leadership and strategic direction, PNOC looks ahead with resolve and purpose, positioning itself as a steward of the Philippine energy sector.