October 23, 2017 3:23 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Pilipinas Shell Petroleum Corporation

Company Overview

Pilipinas Shell Petroleum Corporation engages in importing, refining, marketing, distributing, and selling retail and wholesale commercial fuels, jet fuels, lubricants, and bitumen in the Philippines. The company operates a network of fuel retail stations that sells Shell fuels and lubricants to motorists. It is also involved in the wholesale of commercial fuels to companies in various industries, including power, mining, wholesale, manufacturing, and marine. The company offers fuels, including gasoline and diesel; lubricants comprising engine oils; transport fuels consisting of unleaded gasoline and diesel for on-road and off-road heavy-duty vehicles; and heavy fuel oils, such as cracked fu...

Shell House

156 Valero Street

Salcedo Village

Makati City,  1227

Philippines

Founded in 1914

702 Employees

Phone:

63 2 499 4001

Key Executives for Pilipinas Shell Petroleum Corporation

Pilipinas Shell Petroleum Corporation does not have any Key Executives recorded.

Pilipinas Shell Petroleum Corporation Key Developments

Pilipinas Shell Petroleum Corp. Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2017

Pilipinas Shell Petroleum Corp. announced unaudited earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company’s net sales were PHP 40,597,178,000 against PHP 34,786,111,000 for the same period a year ago. Income from operations was PHP 2,364,302,000 against PHP 4,047,649,000 for the same period a year ago. Income before income tax was PHP 1,908,092,000 against PHP 3,887,022,000 for the same period a year ago. Earnings per basic and diluted share were PHP 0.81 against PHP 1.76 for the same period a year ago. Profit was PHP 1,298,863,000 against PHP 2,798,018,000 a year ago. For the six months, the company’s net sales were PHP 82,240,097,000 against PHP 66,008,648,000 for the same period a year ago. Income from operations was PHP 6,646,822,000 against PHP 7,456,321,000 for the same period a year ago. Income before income tax was PHP 6,035,624,000 against PHP 7,147,233,000 for the same period a year ago. Earnings per basic and diluted share were PHP 2.60 against PHP 3.20 for the same period a year ago. Profit was PHP 4,191,029,000 against PHP 5,072,223,000 a year ago. Decrease in net income was mainly driven by the impact of the planned refinery shutdown and lower benefit from inventory holding gain due to declining crude oil prices. This was partially offset by the strong refinery performance in first quarter 2017, growth from retail business and favourable effect of the abandonment case provision reversal. Net cash from operating activities was PHP 7,842,877,000 against PHP 6,199,932,000 for the same period a year ago. Additions to property, plant and equipment were PHP 2,066,209,000 against PHP 1,691,090,000 for the same period a year ago. EBITDA was PHP 7,246.2 million against PHP 8,315.3 million for the same period a year ago. Return on assets was 5.95% against 10.54% a year ago. Return on equity was 12.34% against 22.94% a year ago. Book value per share as on June 30, 2017 was PHP 21.4 against PHP 20.4 as on June 30, 2016.

Pilipinas Shell Petroleum Corporation, Q2 2017 Earnings Call, Aug 15, 2017

Pilipinas Shell Petroleum Corporation, Q2 2017 Earnings Call, Aug 15, 2017

Pilipinas Shell Petroleum Corporation Approves Amendment of the Articles of Incorporation

At the Special Meeting of the Board of Directors of Pilipinas Shell Petroleum Corporation held on April 20, 2017, the Board of Directors approved the amendment of the Articles of Incorporation to expand secondary purpose to include sale of excess electricity through the Wholesale Electricity Spot Market.

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