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The net income of Pilipinas Shell Petroleum Corporation jumped to P4.4 billion in this year’s third quarter, rising by P1.0 billion from last year’s P3.4 billion within the same period in 2021 on growing volume sales. The oil firm similarly logged positive cash flow from operations, which hov

Pilipinas Shell Petroleum Corporation recently secured the highest possible conformance rating awarded by External Quality Assurance Reviewers (EQAR) for the professional practice of internal audit.

Listed firm Pilipinas Shell Petroleum Corporation posted significant upturn in its net income in first quarter this year to P3.5 billion from a relatively lean P1.0 billion earnings in the same period last year. The rise in profit, according to the oil firm, had been mainly underpinned by uptic

Listed oil firm Pilipinas Shell Petroleum Corporation has reversed its massive losses of P16.2 billion in 2020, with P3.9 billion income last year. For its core earnings, the company similarly posted a significant rebound at P2.3 billion last year from a relatively lean P300 million outcome in 2

Pilipinas Shell Petroleum Corporation will be using ‘recyclable’ asphalt as well as solar panels and rain catchers at its planned 60 to 80 new retail stations that will serve as expansion ventures in beefing up its downstream oil business in the country. The pilot project of the company with suc

As the pandemic-stricken local economy slowly reopens, energy leader Pilipinas Shell Petroleum Corporation (Pilipinas Shell), known for championing sustainability in business, launched the first mobility station of its kind in North Luzon with more improved features for mobility, sustainable innovat

Pilipinas Shell swings back to profit in Q1 enablePagination: false endIndex: Metro Manila (CNN Philippines, May 14) — Listed firm Pilipinas Shell Petroleum Corp. witnessed a "strong rebound" in the first three months of 2021 as it returned to profitability. Net income reached ₱1 billion, a reversal from ₱5.5 billion losses a year earlier, the company said Friday. Pilipinas Shell attributed its robust first-quarter performance to its "new supply chain strategy, higher premium penetration...

BusinessWorld May 14, 2021 | 7:00 pm Listed Pilipinas Shell Petroleum Corp. posted a P1 billion net profit in the first quarter, a reversal of the P5.5 billion loss it incurred in the same period last year, even as sales volume remained low. Pilipinas Shell in a statement attributed its P1 billion net income “to its new supply chain strategy, higher premium penetration across all segments and continued cash conservation measures.” A regulatory filing showed Pilipinas Shell�...

Published May 12, 2021, 5:00 PM Listed firm Pilipinas Shell Petroleum Corporation is planning to pursue equity restructuring so it can reverse its negative retained earnings last year, which in turn will allow it to accelerate its targeted cash dividend payment to its shareholders. “We are working very quickly to rebuild our retained earnings through strong earnings delivery quarter-on-quarter, as well as a possible equity restructuring subject to the approval of SEC (Securities and Exchange ...

Published April 7, 2021, 1:32 PM With prospects of economic rebound in the immediate term that will then shore up demand for fuel commodities in the domestic market, listed firm Pilipinas Shell Petroleum Corporation (PSPC) will be rolling out investments of P15 billion to P20 billion to underpin its growth strategy in the next five years. Pilipinas Shell President and CEO Cesar G. Romero told reporters in a briefing that the yearly capital outlay will be P3 billion to P4.0 billion, which has al...