Company’s Policies

Customers Activities to ensure customer health and safety

Customer health and safety is important for all businesses and remains an utmost priority for Philex Petroleum Corporation. In line with PXP's Code of Business Conduct and Ethics, the Company upholds fair and transparent dealings with its customers. All the transactions and business relationships with customers are covered by contracts and comply with existing laws and regulations in the country.

As part of the Company’s commitment to the welfare of its customers, Company representatives and its customers meet annually to review and discuss the terms of the new or existing contract as well as identify areas for improvement in operations and other related aspects.

As part of the Company’s commitment to the welfare of its customers, Company representatives and its customers meet annually to review and discuss the terms of the new or existing contract as well as identify areas for improvement in operations and other related aspects.

Employee Development Programs

The Company respects the dignity and human rights of its employees, including the rights guaranteed by existing labor laws. PXP promotes safety, non-discrimination, environmental awareness, and commitment in the workplace, and supports programs that champion the engagement and development of employees.

Safeguarding Creditor’s Rights

We uphold the rights of our creditors by publicly disclosing all material information, such as earning results and risk exposures. Corporate disclosures, controls, and procedures also include periodic reports to the stakeholders through its website, such as the latest certified financial statements, among others.

Other Policies


Dividend Policy


PXP Related Party Transaction Policy 2017


PXP Directors’ and Officers’ Orientation and Training Policy


PXP Board Diversity Policy


Code of Business Conduct and Ethics


Conflict of Interest Policy


Policy on Gifts, Entertainment and Sponsored Travels


Supplier Contractor Relations Policy


Whistle Blowing Policy


Policy on Review of Related Party Transactions


Policy on Dealings in Company Shares


Policy on Dividends payment


Policy on Review of Related Party Transactions - Amendments


Board and Directors Performance Appraisal / Assessment Policy


Directors and Officers’ Orientation and Training Policy