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Friday, March 29, 2024

Oriental Petroleum bares cash dividend

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The board of Oriental Petroleum and Minerals Corp.approved the declaration of cash dividend of one twentieth of a centavo (P0.0005) per share during the annual stockholders’ meeting.

OPMC president Robert Coyiuto Jr. made the announcement as he reminded stockholders about the company’s 50th year anniversary this year. 

“This year, we are celebrating five decades of being one of the country’s pioneers in oil and gas exploration and production. More importantly, we have been a significant participant in all the numerous offshore commercial oil discoveries in the country,” he said.

Coyiuto noted that 2018 saw an improvement in the prices of the company’s Galoc oilfield in Palawan.

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