Shell sets Php6B capex, to add 40-60 sites

Pilipinas Shell doubles net profits to P7.4 billion for 2016

Shell Pilipinas Corporation would spend around Php5 to 6 billion on enhancing their mobility stations and other services this year. 

The investment is at the same level as last year, estimates Vice President of Finance and Chief Risk Officer of Shell,  Reynaldo P. Abilo. 

Abilo also disclosed that the company looks to add 40 to 60 sites to its mobility footprint. In order to accommodate and provide vast amenities for its consumers, it will also upgrade its existing sites.

Maintaining and modernizing its assets helps the business stay competitive and dependable to satisfy the needs and desires of its clients.

The company is already working on having five medium-range import facilities across the country by 2025. Three of these facilities are already active, while the fourth one, which will be situated in southern Davao, is underway, and the location of the last one will soon be disclosed.

Shell Pilipinas President and CEO Lorelie Quiambao-Osial discussed the company’s business trajectory, stating that while their primary business is still fuel mixed with non-fuel ventures, they are aiming to expand their reach and integrate corporate value as they help to create a low carbon economy. 

The word “petroleum” was also removed from Shell Pilipinas Corporation’s corporate name. For Osial, this does not represent a change from their primary product, but rather a “broadening of where we are going as a company,” taking into account the needs of their present and prospective clients.