Pilipinas Shell nets P6.63B in Jan-Sept.

PILIPINAS Shell Petroleum Corp. recorded a net income of P6.63 billion in the nine months to September this year, up 4.3 percent from P6.36 billion in 2016, on the strong growth of its retail business.

In a disclosure on Thursday, the listed oil firm said the growth of its retail business, high V-Power penetration, and robust refinery performance bolstered earnings “notwithstanding two months of planned refinery maintenance shutdown and slightly lower inventory holding gains.”