PXP Energy Corporation engages in the exploration, maturation, and production of local and international hydrocarbon resources in the Philippines. It holds 50% operating interest in SC 75; 100% operating interest in Block a North Recto Bank; 79.35% controlling interest in FEL; and other various petroleum service contracts. The company was formerly known as Philex Petroleum Corporation and changed its name to PXP Energy Corporation in March 2016. Philex Petroleum Corporation was incorporated in 2007 and is based in Mandaluyong City, the Philippines.