The club was funded by the fertilizer company, PT Petrokimia Gresik, which has been active in the Liga Indonesia Premier Division for more than 15 years.

Many big clubs from Galatama that were once in the same class with Petrokimia Putra are now already defunct, such as Krama Yudha Tiga Berlian, Bandung Raya, Warna Agung, Pardedetex Medan, Assyabaab Surabaya, Perkesa 1978, BPD Jateng, Yanita Utama, Makassar Utama, and Indonesia Muda.

Some of Petrokimia Putra's first batch of players who graduated from Persegres, including Sasono Handito, Ferril Hattu, Rubianto, Reno Latupeirissa, Karyanto, Abdul Muis, Masrukan, Lutfi, Hasan Maghrobi, Derry Krisyanto, and many others.

[1] When the first edition of Liga Indonesia Premier Division was held in 1994–95, Petrokimia Putra was given with title "Champion without trophy".

[1] Petrokimia Putra became the champion of 2002 Liga Indonesia Premier Division after beating Persita Tangerang at the final by a score 2–1.

[6] Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.