The Philodrill Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company's petroleum revenue was PHP 124,878,839 compared to PHP 80,990,131 a year ago. Loss before income tax was PHP 78,105,769 compared to PHP 21,552,910 a year ago. Net loss was PHP 41,601,674 compared to PHP 16,584,883 a year ago. Loss per share was PHP 0.00022 compared to PHP 0.00009 a year ago. For the six months, the company's petroleum revenue was PHP 222,412,129 compared to PHP 181,867,615 a year ago. The increase was brought mainly by the increase in average crude prices for the first two quarters of 2018 as compared to the same period last year. Loss before income tax was PHP 66,104,864 compared to PHP 17,559,163 a year ago. Net loss was PHP 33,227,270 compared to PHP 9,439,411 a year ago. Loss per share was PHP 0.00017 compared to PHP 0.00005 a year ago. Net cash used in operating activities was PHP 1,216,092 compared to net cash generated from operating activities of PHP 20,965,444 a year ago. Additions to property and equipment was PHP 2,443,835 compared to PHP 115,166,930 a year ago. Book Value per Share was PHP 0.01. Negative return on assets was 0.92%. Negative return on equity was 0.94%.