VISION

To be the most admired and trusted company that powers progress for the Filipino through high-quality energy products & services.

MISSION STATEMENTS

  • We delight our Customers with high quality fuels, lubricants & specialties, and best-in-class technical & convenience services.
  • We attract and retain the best Employees through very competitive remuneration and growth opportunities.
  • We engage the most professional Business Partners in long-term and mutually-beneficial relationships.
  • We partner with Government and Communities in promoting social investments and advocacies that contribute to national development.
  • We deliver consistent, attractive and increasing returns for our Shareholders through operational excellence, superior value propositions and strong corporate governance.

VALUES

Honesty, Integrity, Respect, Care, Humility, Commitment

CORPORATE HISTORY AND MILESTONES

Pilipinas Shell traces its roots to Asiatic Petroleum Company (Philippine Islands), Ltd. which opened for business in the Philippines and began to import and sell motor gasoline and kerosene in 1914. Asiatic Petroleum Company (Philippine Islands) Ltd. was renamed The Shell Company of the Philippine Islands, Ltd. in the 1940s.

In 1959, Pilipinas Shell was incorporated under the name The Shell Refining Company (Philippines), Inc. in compliance with the then required percentage of Filipino ownership (25%) in large industrial ventures. In 1970, Pilipinas Shell was renamed Shell Philippines, Inc. and was later renamed Pilipinas Shell Petroleum Corporation in 1973.

In 1976, Meralco Securities Corporation acquired 25% stake in the Company resulting in the Company being 50% owned.

In February 1987, the Filipino ownership in the Company decreased to 33.33% after a share buyback by the Company of Meralco Securities Corporation’s stake in the Company. In August 2015, the Filipino ownership in the Company decreased to 31.82% following the issuance of additional shares pursuant to a stock rights offering.

Certain key dates and milestones for Pilipinas Shell’s business are set forth below.

1960

The Company began the construction of a crude oil refinery in Tabangao, Batangas.

1962

The Tabangao Refinery commenced commercial operations with a nameplate capacity of 30,000 bpd.

1982

The Company began to partner with the Pilipinas Shell Foundation, Inc. or the PSFI on programs relating to (i) healthcare and services, sanitation, and safety, (ii) technical, vocational and agricultural skills development, training and employment, (iii) livelihood and entrepreneurship development, (iv) leadership enhancement and attitude development, and (v) environmental stewardship.

1993

The Company commenced the construction of a bigger and more modern Tabangao Refinery. The primary purpose of the construction was to replace two crude distillers built in 1960.

1995

The nameplate capacity of the Tabangao Refinery increased to 110,000 bpd.

1999

The Shell Philippine Petroleum Corporation (“SPPC”), the Philippines only lube oil refinery, was merged with and absorbed by the Company. SPPC was formerly the Philippine Petroleum Corporation, the majority stake of which was acquired by the Shell Group in 1986.

2003

The Company opened a bitumen storage and distribution facility in Villanueva, Misamis Oriental.

2008

The Company inaugurated its Bitumen Solutions Center at the Tabangao Refinery.

2012

The Tabangao Refinery celebrated its 50th year.

The Company launched three new premium performance fuels, namely, Shell V-Power Nitro + Gasoline, Shell V-Power Nitro + Racing and Shell V-Power Nitro + Diesel.

2014

The Company began the construction of the North Mindanao Import Facility (“NMIF”).

2015

The Company completed the upgrade of the Tabangao Refinery.

2016

The NMIF commenced commercial operations by sending out its first shipment.

 

PILIPINAS SHELL’S SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES

 

As at 30 June 2016, Pilipinas Shell does not have any Subsidiaries.

As at 30 June 2016, Pilipinas Shell has ownership in the following Associates:

  • Bonifacio Gas Corporation
    Bonifacio Gas Corporation is in the business of construction, establishment, ownership, maintenance and operation of a centralised gas distribution system.
  • Kamayan Realty Corporation
    Kamayan Realty Corporation is in the business of acquisition, development and management of real estate properties.

As at 30 June 2016, Pilipinas Shell is part of the following Joint Venture:

  • Pandacan Depots Services, Inc.
    Pandacan Depots Services, Inc. is in the business of management and operation of storage, handling and distribution facilities and the implementation of projects within said facilities.

More in About us

What we do

We are an integrated energy company that aims to meet society’s growing demand for energy in ways that are economically, environmentally and socially responsible.

Our values

Our General Business Principles, Code of Conduct and Code of Ethics help everyone at Shell act in line with our values.