The various companies of Shell in the country will embark on a nationwide Covid-19 vaccination program for its employees, key business partners like gasoline station dealer and their immediate family members. Like many companies in the country, Shell will give premium to the vaccination program of...
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...
The pockets of Filipino consumers will be burdened with higher prices again at the petroleum pumps this week; as based on upward adjustments announced by the oil companies. In pricing notices sent to the media and the Department of Energy, the oil firms indicated that diesel prices will go up by...
It’s another punishing week in the pockets of motorists as gasoline prices will rise by P0.80 per liter; while the cost of diesel will be hiked by P0.40 per liter, based on pricing advisories sent to the Department of Energy and the media. Kerosene, which is another commodity in the weekly...
Davao businessman Dennis Uy’s Udenna has been chosen as the buyer of the 45-percent stake of Shell Philippines Exploration B.V. (SPEX) in Malampaya, giving him ultimate majority control in the country’s commercial gas field. In an announcement made by SPEX’s parent firm Royal Dutch Shell plc,...
Citicore Power Inc., which is affiliated with the Megawide group, will be supplying 20 megawatts of renewable energy (RE) capacity to Shell Energy Philippines Inc., which is licensed as a retail electricity supplier (RES) under the retail competition and open access (RCOA) regime of the power...
Major oil firm Pilipinas Shell Petroleum Corporation is back on financial rally posting P1-billion net income lin the first quarter, effectively snuffing out the substantial P5.5- billion loss in the same period last year. The company said its return to profitability had been propelled by “new...
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...
Pilipinas Shell Petroleum Corporation (PSPC) is pleased to announce the election of former BangkoSentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. as a new independent member of PSPC’s Board of Directors effective May 11, 2021. Amando M. Tetangco Jr. Mr. Tetangco’s board election...
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 the company to accelerate its targeted cash dividend payment to its shareholders. “We are working very quickly to...
Filipino consumers are in for another financially punishing week on their fuel expenses as the price of gasoline will rise by P0.75 per liter; while diesel and kerosene prices will increase by P0.70 per liter. As of press time, the oil companies that already advised on their price hikes had been...
Filipino motorists will need to cough up additional amounts in their fuel budgets as the price of diesel and kerosene products will increase by P0.35 per liter this week, based on the pricing advisories of the oil companies. The price of gasoline, which is the other commodity in the weekly price...
