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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.
Shell has launched its new V-Power fuel with a new formula that cleans vital engine parts and protects it from build-up. The product's latest formula has been specially designed with powerful cleaning agents that can remove deposits from key fuel system components.
The improved Shell V-Power cleans 100% of performance-robbing deposits and prevents future build-up on vital engine parts.
The Philippines is one of the first markets to receive the re-formulated V-Power.
PI System is already installed in 30 bioenergy parks in operation by the company, which maintains a continuous improvement system to optimize operations.