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Despite a challenging year with inflationary woes, fuel price volatility brought by the Russia-Ukraine war, and Philippine peso depreciation, Shell Pilipinas Corporation sustains its recovery momentum with a P4.1 billion net income in 2022, up by six percent from the P3.9 billion it generated in 2021.

Shell Pilipinas Corporation sustains its recovery momentum by generating Php4.1 billion net income in 2022, up by 6% from Php3.9 billion the previous year.

Shell Pilipinas Corp., formerly Shell Philippines Exploration Corp., said Wednesday net income went up 6 percent to P4.1 billion in 2022  from P3.9 billion in 2021 as it sustained its recovery momentum.