PNOC was created as a government-owned corporation under Presidential Decree (PD) No. 334 on November 9, 1973, to address national energy security and sustainability concerns in response to the energy-supply crisis of the 1970s. The Company's scope of operation was later expanded by PD 927 to promote the exploration and development of oil and other indigenous energy resources. Its efforts to learn the ropes of the petroleum industry enabled PNOC to occupy market leadership in a sector thought to be the domain of multinational players.

Three decades after its creation, PNOC is now the premier institution in exploration, development and utilization of indigenous energy sources in the Philippines. The company has also matured as a stable, regional partner in the development of new and renewable energy activities and projects in Asia and the Pacific.

VISION

To be a world-class energy enterprise.

MISSION

To develop and implement projects and programs in a financially prudent and responsible manner aimed at :

• Increasing self-sufficiency in oil, gas, and other energy sources;
• Ensuring security of supply and;
• Maintaining energy price stability;