PXP Energy reports P39.1-M net loss in 2017 7 SHARES Share it! Share TweetBy Myrna M. VelascoThe consolidated net loss of PXP Energy Corporation had expanded to P39.1 million in 2017; from a leaner P22.4 million the year before – mainly due to non-advancement yet of its petroleum exploration ventures. On the company’s reported consolidated net loss, that had been higher at P57.1 million from where it was at a lower level of P36.4 million in 2016. Nevertheless, the company emphasized that its revenues had already gone slightly higher to P104 million last year from a scale it logged in 2016 at P101.6 million. Tags: consolidated net loss, crude oil price, net loss, petroleum exploration, petroleum production cost, PXP Energy Corporation, PXP Energy reports P39.1-M net loss in 2017

Source: Manila Bulletin March 06, 2018 14:01 UTC