August 15, 2025 | 12:00am
MANILA, Philippines — Shell Pilipinas Corp. (SPC) delivered decrease earnings within the first six months following weaker gross sales attributable to declining world oil costs.
The listed oil agency recorded a web revenue of P965.3 million from January to June, down by 44.7 p.c towards final 12 months’s P1.75 billion.
Internet gross sales likewise went down by 8.9 p.c to P114.14 billion from P125.35 billion as home pump costs mirrored the downtrend within the world oil market, coupled with decrease advertising volumes.
Core earnings, nevertheless, jumped by 37.7 p.c to P1.98 billion from P1.44 billion on the again of improved margins and better premium penetration.
“Our sturdy free money stream, core earnings progress and improved gearing replicate not solely our long-term strategic focus but in addition the tangible short- to medium-term features we’re delivering,” SPC president and CEO Lorelie Quiambao Osial mentioned.
“These outcomes present how technique, self-discipline and agility are enabling us to create sustained worth whereas navigating an ever-changing and risky setting,” she mentioned.
Within the first half, SPC reported sustained volumes year-on-year for the fuels enterprise, pushed by regular outcomes from the mobility phase.
The non-fuels phase, in the meantime, was mentioned to have expanded its market, with lubricant quantity rising by six p.c.
“Because it executes its 2025 roadmap, the corporate is dedicated to defending its volumes and market share, rising its companies and delivering on its exterior commitments,” SPC mentioned.
SPC, which is 55 p.c owned by the Netherlands’ Shell Abroad Investments BV, is engaged in buying, importing, manufacturing, refining and storing any and all types of petroleum merchandise.
