The Philodrill Corporation (OV) Stock Price
₱0.00650
0.00%
(
$0.00012
in US Dollar
)
Price Data
Open Price
₱0.00650
High Price
₱0.00650
Low Price
₱0.00640
52-Week High
₱0.00970
52-Week Low
₱0.00650
Market Data
Trade Volume
₱1.27 Million
Market Cap
₱1.25 Billion
P/E Ratio
-
Earnings Per Share
₱0.00000
Book Value
₱0.0100
Company Profile
The Philodrill Corporation (OV) was incorporated on June 26, 1969 with the primary purpose of engaging in oil, gas, and mineral exploration and development. In 1989, realizing the need to balance the risk associated with its petroleum activities, OV changed its primary purpose to that of a diversified holding company while retaining petroleum and mineral exploration and development as one of its secondary purposes. Thereafter, the Company has maintained investments in petroleum exploration and production, financial services, property development, mining and infrastructure development. On January 16, 2008, the stockholders of OV approved to change the Company’s primary purpose back to petroleum exploration and development and include as a secondary purpose the holding company purpose clause, which the Securities and Exchange Commission (SEC) approved on April 13, 2009.
The Company's active petroleum projects cover production and exploration areas in offshore Palawan and onshore Mindoro under various service contracts with the Philippine government through the Department of Energy.
OV is a 40% shareholder of Penta Capital Investment Corporation, an investment house which holds equity interest in: Penta Capital Finance Corporation, a finance company (99%-owned); Penta Capital Holdings Inc. (PCHI), an investment holding company (29.54%-owned); Penta Capital Realty Corporation (100%-owned); and Intra-Invest Securities, Inc. (68.47%-owned). OV holds a 13.21% direct equity investment in PCHI.
OV also holds minor equity interests in Atlas Consolidated Mining & Development Corporation and United Paragon Mining Corporation.
Source: SEC Form 17-A (2022)
Stock Information
Sector
Mining & Oil
Subsector
Oil
Outstanding Shares
191,868,805,358
Share Type
Common
ISIN
PHY8791A1483
Board Lot
1000000