PXP Energy Corp. Stock Analysis PXP.PM

PXP Energy Corp. is an upstream oil and gas company, which engages in the exploration and production of crude oil, natural gas, and coal through its subsidiaries, Pitkin Petroleum Plc and Forum Energy Plc. The firm is engaged in businesses related to all kinds of petroleum and petroleum products, mineral oils, and other sources of energy. The company operates through two segments: oil and gas activities, and coal mining activities. The company is primarily involved in the exploration, maturation, and production of local and international hydrocarbon resources. The company has interests in various petroleum service contracts in the Philippines, both directly and through its subsidiary, Forum Energy Limited (FEL). FEL is engaged in the exploration and production of oil and gas, with a focus on the Philippines. Other subsidiaries include Pitkin Petroleum Limited (Pitkin), FEC Resources, Inc. (FEC), and Brixton Energy & Mining Corporation (BEMC). Pitkin is an upstream oil and gas company. FEC serves as an investment holding company, while BEMC is engaged in the exploration, development, and utilization of energy-related resources.