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Pilipinas Shell reports losses as demand falls

PILIPINAS Shell Petroleum Corp. posted a P5.55-billion net loss in the first quarter as the coronavirus disease 2019 (COVID-19) pandemic led to a collapse in global oil prices, along with falling oil demand.

Pilipinas Shell to shut Batangas oil refinery for a month

PILIPINAS Shell Petroleum Corp. (PSPC) will suspend the operations of its Batangas oil refinery for a month starting May 15, citing the decline in demand for fuel products and falling refining margins during the lockdown.

Pilipinas Shell income up 11% to P5.6 B

PILIPINAS SHELL Petroleum Corp. posted an 11% year-on-year jump in net income in 2019 on the back of its marketing activities and savings from refinery costs.

Pilipinas Shell says Batangas oil refinery operating safely after Taal eruption

PILIPINAS Shell Petroleum Corp. (PSPC) said on Friday that its oil refinery in Batangas province continues to operate safely while its retail stations serve as emergency response sites while Taal Volcano is erupting.

Pilipinas Shell Q3 income drops

PILIPINAS Shell Petroleum Corp. reported a third-quarter net income of P640.68 million, down 63.4% year-on-year, amid “depressed regional refining margins.”

Pilipinas Shell refinery strike up for mediation

REPRESENTATIVES of Pilipinas Shell Petroleum Corporation will meet with the National Conciliation and Mediation Board (NCMB) following a notice of strike filed by employees of the company’s Tabangao Plant.

Pilipinas Shell declares cash dividend of P3 per share

PILIPINAS Shell Petroleum Corp. on Tuesday declared cash dividends of P3 per share, representing P4.8 billion or 95% of its audited net income in 2018.

Pilipinas Shell hikes capital spending by 46%

PILIPINAS Shell Petroleum Corp. is ramping up spending to P6 billion in 2019, even as earnings fell due to the higher inflation and the weaker peso last year.

Shell stations start collecting higher fuel taxes — Energy dep’t

PILIPINAS Shell Petroleum Corp. has adjusted the prices of the petroleum products it is selling to reflect the implementation of the higher excise and value-added taxes under the Tax Reform for Acceleration and Inclusion, or TRAIN law.

Pilipinas Shell earnings fall in July-September

PILIPINAS Shell Petroleum Corp. reported a 28.3% fall in net income in the third quarter to P1.75 billion from P2.44 billion a year ago despite a double-digit growth in net sales, the company’s financial report showed.

Pilipinas Shell balks at Euro 2 revival, offers discount on diesel...

PILIPINAS Shell Petroleum Corp. has offered an additional discount on diesel fuel for public utility jeepneys (PUJs) in lieu of the re-introduction of the Euro 2 diesel, making the company the first of the three big oil firms to offer an alternative to the Energy department’s directive.

Pilipinas Shell more than doubles earnings in April-June

PILIPINAS Shell Petroleum Corp. reported a net income of P3.12 billion in the second quarter, more than twice the P1.3 billion it recorded in the same period last year as the company posted a double-digit sales growth.

Pilipinas Shell reports higher profit in first half

Pilipinas Shell Petroleum Corp. said on Monday, Aug. 13, that it recorded a 30% increase in its first-half net income, which it attributed in...

Pilipinas Shell earnings decline by 20% in Q1

PILIPINAS Shell Petroleum Corp. reported on Tuesday a first-quarter net income of P2.32 billion, lower by 20% compared with the P2.89 billion recorded in...

PSALM names winning bidders for power plant fuel supply

THE Power Sector Assets and Liabilities Management Corp. (PSALM) named Pilipinas Shell Petroleum Corp and Phoenix Petroleum Philippines, Inc. as the winning bidders for...

Pilipinas Shell, Phoenix Petroleum win supply bid for two power plants

The Power Sector Assets and Liabilities Management Corp. (PSALM) selected Pilipinas Shell Petroleum Corp and Phoenix Petroleum Philippines, Inc. as the winning bidders for...

Pilipinas Shell sees ‘huge potential’ in non-fuel business

By Victor V. Saulon, Sub-Editor PILIPINAS Shell Petroleum Corp. (PSPC) expects its non-fuel business to account for a bigger share of its gross income in...

Shell sets P4.29 billion capex for 2018

Pilipinas Shell Petroleum Corp. has earmarked P4.289 billion as capital expenditure for 2018 to cover the year's outlay for its retail as well as...

Pilipinas Shell profit climbs 26% in 2017

Pilipinas Shell Petroleum Corp. posted a net income of P10.4 billion in 2017, citing strong growth in retail volume and regional refining margins as...