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 uptick in...
After voting for their next leaders, Filipino consumers will have to face hefty price hikes of P4.20 per liter for gasoline and diesel products that will be reflected at the pumps on Tuesday, May 10. Kerosene, a base for aviation fuel, will also climb by P5.85 per liter which has been comparatively...
Listed firm Pilipinas Shell Petroleum Corporation will reposition project implementation and investments around its programmed P3 billion to P4 billion yearly capital expenditure (capex) rollout. Reynaldo P. Abilo, vice president for finance and chief risk officer of Pilipinas Shell, said “we are...
Filipino consumers will experience relief in their pockets this week as oil prices will be on rollback for the fourth time this year. For the major products retailed at the pumps, oil firms advised that the price of diesel and kerosene will be reduced by P1.15 per liter while the price of gasoline...
Consumers will need to shell out heftier budgets again this week if they will fill up their vehicles as the price of diesel will be increased by P4.10 per liter; while gasoline prices will rise by P3.00 per liter, effective Tuesday, April 26. Industry players similarly advised that the price of...
Listed firm Pilipinas Shell Petroleum Corporation will be setting up its third largest import facility in Sta Cruz, Davao which will have a rated capacity of 67 million liters and will be due for commercial operations in the next two years. The Darong import facility in Sta. Cruz is a joint venture...
The Bases Conversion and Development Authority (BCDA) and Pilipinas Shell Petroleum Corp. (PSPC) have renewed their partnership for the energy company’s use of a property along Circumferential Road 5 (C-5 Road) in Taguig City as a full-service mobility station. BCDA Officer-in-Charge President...
Enjoy out-of-this-world prizes Ahead of the release of Marvel Studios’ latest and long-awaited cinematic installment about the Earth’s Mightiest Sorcerer, Marvel Studios’ Doctor Strange in the Multiverse of Madness, Filipinos can indulge their fandom by winning exciting merchandise from the...
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...
Former Senator Antonio Trillanes III, who is running for senator under the ticket of Vice President Leni Robredo, warned against the revival of the controversial Bataan Nuclear Power Plant, saying that it is just a “shell” and that there’s basically nothing there that can benefit the country....
The government, through the Philippine National Oil Co.-Exploration Corp. (PNOC-EC), is exploring the possibility of a buy-back of the Chevron shares and to also acquire equity in the 45-percent shareholdings of Shell Philippines Exploration B.V. (SPEX) in the Malampaya gas field venture once the...
