Who we are
Shell Pilipinas Corporation traces its roots to Asiatic Petroleum Company (Philippine Islands) Ltd. In the Philippines back since 1914, and has grown to become one of the leading oil refining and marketing businesses in the Philippines.
- A world-class investment – We aim to maximize cash generation while maintaining competitive returns built upon a strong financial framework and capital discipline.
- Shared value with society - We aim to be a good neighbor who manages the social impact of our activities and share wider benefits to the society. We aim to deliver energy responsibly and safely, while looking after our employees, business partners, customers, local communities, and the environment.
- Trusted partner in nation-building – We aim to be a reliable partner in nation-building by fulfilling the country’s requirement for sustainable energy products and services.
To power progress together with the Filipino by providing more and cleaner energy solutions.
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.
On March 16,2023, the company secured approval from the Securities and Exchange Commission to change its name. The Company changed its corporate name from Pilipinas Shell Petroleum Corporation to Shell Pilipinas Corporation (SPC) marking the energy company’s vital role in the energy transition. This change signifies that SPC goes beyond petroleum and will deliver more options to its consumers to provide sustainable and cleaner energy solutions to the country. Shell Pilipinas Corporation | Shell Philippines
Certain key dates and milestones for Pilipinas Shell’s business are set forth below.
SHELL PILIPINAS CORPORATION SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES
As at 31 August 2023, Shell Pilipinas Corporation does not have any Subsidiaries.
As at 31 August 2023, Shell Pilipinas Corporation 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.
More in About us
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 core values are honesty, integrity and respect for people. These are reflected in the Shell General Business Principles, which set out our responsibilities to shareholders, customers, employees, business partners and society. Together with our Code of Conduct, they govern the way we work around the world.