November 29, 2020
According to latest data from the Philippine Department of Energy (DOE) on fuels market share as of the first half of 2020, leading independent oil player Phoenix Petroleum Philippines, Inc., has garnered 6.86% market share, landing it on third place among petroleum companies in the Philippines. Phoenix Petroleum has climbed one notch higher from its […]
Pilipinas Shell announced today that it is permanently shutting down its oil refinery operations in Tabangao, Batangas, on the main Philippine island of Luzon, after suspending refinery operations last May 24 due to reduced fuel demand from Covid-19. The Tabangao Refinery commenced commercial operations in 1962, with an initial nameplate capacity of 30,000 barrel-per-day (bpd). […]
Petron Corporation continues to lead the Philippine fuel market, with a 27.08% market share, according to the latest data from the Philippine Department of Energy. In second place is Pilipinas Shell, with 18.50%, followed by Chevron Philippines, with 7.82%. Close behind Chevron Philippines is Phoenix Petroleum, with a 7.08% market share. In fourth and fifth […]
Pilipinas Shell Petroleum Corp. revealed in a regulatory filing that it has doubled its capital expenditure program to PHP 2 billion (USD 38.5 million) from PHP 1 billion (USD 19.3 million) in 2017 to “further cement its foothold in the market with the Shell brand.” “The target is to put up 70 retail stations and […]
Globe Telecom has signed a partnership with Pilipinas Shell in line with the telecommunications provider’s initiative to enhance network coverage and capacities for better customer experience. The collaboration would help ease challenges besetting Globe in expanding its network infrastructure in the Philippines. Cesar Romero, president and CEO of Pilipinas Shell Petroleum Corporation (PSPC) and chairman […]
Latest published data from the Philippine Department of Energy (DOE) revealed that the entry of new players continues to erode the market share of the country’s top three major oil companies. The total market share of Petron Corp., Pilipinas Shell Petroleum Corp. and Chevron Philippines has declined from slightly above 77% in 2010 to just over […]
Pilipinas Shell Petroleum Corp. said it will build a bitumen plant adjacent to its oil refinery in Tabangao, Batangas province, Philippines, to take advantage of the government’s aggressive infrastructure plans. Shell is the largest bitumen distributor in Asia-Pacific. “Certainly, the bitumen facility is expected to be up and running probably in two to three years,” […]
Pilipinas Shell Petroleum Corp. reported a net income of PHP 5.07 billion (USD105.9 million) in the first half of 2016, up 28% from the same period a year ago. However, sales dropped 19% to PHP71.7 billion (USD1.5 billion) from PHP88.37 billion (USD1.8 billion) largely due to lower product prices. “With a recently completed rights issue […]
Pilipinas Shell Petroleum Corporation announced that it has received the approval from the Shell headquarters in The Hague, Netherlands, to proceed with its long-awaited initial public offering (IPO). Preparations are now underway for the listing, according to Shell Vice President Ramon del Rosario, after the Philippine Board approved the listing. The timing and size of the […]
Pilipinas Shell Petroleum Corp. will start importing lubricants next year following the closure of its lube blending plant in the Pandacan oil depot, according to Cesar Abaricia, Shell Manufacturing Communications and Social Performance manager. Country Chairman Edgar Chua earlier said the firm will complete moving out of the Pandacan facility by November. The PHP 450 […]
