The Phoenix Fuel Masters is a professional basketball team owned by Phoenix Petroleum Philippines, Inc., which debuted in the Philippine Basketball Association (PBA) in the 2016 Commissioner's Cup. The franchise began after the company acquired the second Barako Bull team in January 2016.

Phoenix Petroleum Philippines, Inc. is the first independent oil company to be listed in the Philippine Stock Exchange after the Oil Deregulation Law was passed in 1998. It is the first company from Davao City to be listed in the Philippine Stock Exchange.