PXP Energy’s 2023 net loss widens by nearly 170% to P97.4M

MANILA,  Philippines  — Manuel Pangilinan-led PXP Energy Corp. widened its net loss by 169.81 percent to P97.4 million in 2023 due to lower returns from its operations in the Galoc oil field and higher interest expenses. In a stock exchange filing on Thursday, PXP Energy said consolidated costs and expenses slightly rose to P102.6 million
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