State-run Philippine National Oil Co. (PNOC) president and chief executive Oliver Butalid said Wednesday he submitted his courtesy resignation in support of the President Ferdinand Marcos, Jr.’s mid-term recalibration and realignment of his administration.
“This is in response to a Notice to GOCCs issued by the Governance Commission for GOCCs dated May 26, 2025 and received May 28, 2025, clarifying that ‘CEOs and appointed members of GOCC governing boards’ are included in the President’s call for the courtesy resignation of all heads of agencies,” the company said in a statement.
Butalid was appointed to his post on July 3, 2023.
PNOC said it remains committed to its mission of supporting the Philippine Energy Plan by being a catalyst for emerging energy technologies. Other GOCCs under the energy sector have not yet issued a similar statement.
