Pilipinas Shell bats for more profitable future

PILIPINAS Shell Petroleum Corp. said it is on track toward a more sustainable and profitable future through its aggressive cash generation, capital allocation and expansion, and the development of cleaner energy solutions, among others.

To do this, the company will focus on implementing its refocused and reset strategy, in alignment with the Securities and Exchange Commission's approval of the organization's equity restructuring application. In fact, this has resulted in a net income of P3.9 billion at the end of the fiscal year 2021.