SHELL Pilipinas Corp. has set aside P2 billion to P3 billion in capital expenditures (capex) for 2026, primarily to ensure the adequate supply of fuel and oil-based products in the Philippine market.
Shell Pilipinas Vice President for Finance, Treasurer, and Chief Risk Officer Reynaldo Abilo said on Tuesday that more than half the capex will be used for their import terminals.
“As part of our strategy, we have earmarked around P2-P3 billion in capex for both 2025 and also in 2026. Around 55 percent of the capex in 2026 will be used for trading and supply in order for us to maintain and upgrade our import terminals and infrastructure across the country, especially for our import terminal in Tabangao, Batangas,” he said in an online media briefing.
Asked what the company’s focus was amid the fallout of the Middle East conflict, Shell Pilipinas President and CEO Lorelie Osial said that they are doing everything to ensure that fuel supply is sufficient and reaching customers, and extend incentives for targeted groups such as public utility vehicle (PUV) operators and drivers.
“In addition, with regards to specific measures around discounts, we are supporting these measures, including what has now been implemented as weekly price adjustment caps. We’ve also, in fact, piloted and also participate in the targeted discounts for PUVs, and we also support TNVS (transport network vehicle service), and supply monitoring as well,” she added.
Shell Pilipinas also strived to maintain reliable operations despite a more constrained and closely regulated environment, and leverage its global trading network and capabilities in sourcing fuel and other oil-based products. Ed Paolo Salting
“This strengthens our ability to secure supply and adapt to changing market conditions,” Osial said.
Shell Pilipinas share price on Tuesday went up by P0.09 to close at P9.20 per share.
