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 marketing businesses in the Philippines.
Our vision
- 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.
Our mission
To power progress together with the Filipino by providing more and cleaner energy solutions.
Values
Honesty, Integrity, Respect, Care, Humility, Commitment
Corporate history and milestones
Shell Pilipinas 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, Shell Pilipinas 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, Shell Pilipinas 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 Shell Pilipinas business are set forth below.
1960
1960
The Company began the construction of a crude oil refinery in Tabangao, Batangas.
1962
1962
1982
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
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
1995
1999
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
2003
The Company opened a bitumen storage and distribution facility in Villanueva, Misamis Oriental.
2008
2008
The Company inaugurated its Bitumen Solutions Center at the Tabangao Refinery.
2012
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
2014
The Company began the construction of the North Mindanao Import Facility (“NMIF”).
2015
2015
The Company completed the upgrade of the Tabangao Refinery.
2016
2016
The NMIF commenced commercial operations by sending out its first shipment.
2017
2017
- Inauguration of the New North Mindanao Import Facility (NMIF) in Cagayan de Oro
- Launch of new V-Power efficiency fuels with DYNAFLEX technology performance and efficiency fuels
- Inauguration of the 1000th retail site
- Creation of Board Committees
- Adoption of the Revised Manual on Corporate Governance
2018
2018
- Shell Aviation celebrated 55 years of operations in the country
- First Bitumen production facility in the country started operating
- Asia’s Community Care Company of the Year (ACES)
- Most Outstanding Achievement in Advocacy Marketing (Agora Awards)
2019
2019
- Office move from Shellhouse in Makati to The Finance Center in Bonifacio Global City
- First SEC-Accredited In-House Corporate Governance Training
2020
2020
- Inauguration of the Subic Import Facility
- Launch of Shell Go+ loyalty card in the country
- Launch of Shell Bitumen Fresh Air
2021
2021
- Implemented the 1st Strategy Day
- Inauguration of the Shell Import Facility Tabangao
- Launch of the Mobility’s 1st Site of the Future
2022
2022
- Launch of the Shell Recharge, the company’s first high-powered electric vehicle (EV) charging service in the Philippines.
- Shell Carbon offset service offered to customers.
- Shell Energy Philippines powers Shell NLT 1 in Balagtas, Bulacan and Shell Mamplasan with renewable energy.
- Pilipinas Shell with JV partners, Northern Star Energy Corporation and DMCI Construction and Equipment Resources, Inc. (DMC-CERI), breaks ground its 3rd Largest Import Facility in Darong, Southern Mindanao.
2023
2023
- Launch of Shell Café.
- Launch of the best-ever Shell V-Power Fuel specially designed with powerful cleaning agents that can remove deposits from key fuel system components and restore up to 100% of engine performance.
- Shell Pilipinas partners with the Department of Environment and Natural Resources (DENR) in developing Nature-Based Solutions in the Philippines.
- The company changes its corporate name from Pilipinas Shell Petroleum Corporation to Shell Pilipinas Corporation (SPC).
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.
