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Pilipinas Shell Petroleum Corporation
|Pilipinas Shell Petroleum Corporation (SHLPH) was incorporated and registered with the Securities and Exchange Commission on January 9, 1959 originally as The Shell Refining Company (Philippines), Inc. In 1973, the Company was renamed to the present one. SHLPH is primarily engaged in the refining and marketing of petroleum products. The Company's products include gasoline, diesel, jet fuel, fuel oil, lubricants and bitumen.
SHLPH is organized into three operating segments namely, retail, commercial, and manufacturing and supply. The Company employs two kinds of format for its retail segment, and these are the company-owned-dealer-operated retail service stations (CODO) and dealer-owned-dealer-operated retail service stations (DODO). Under the CODO format, SHLPH leases the land and builds and owns the service station structures and equipment, but third party dealers operate the retail service stations. On the other hand, the DODO format has third party dealers owning or leasing the land and bearing all capital costs in building the service station structures according to Company specifications, procuring equipment and operating the retail service station.
SHLPH's commercial segment involves supplying fuel and lubricant to companies in sectors such as industrial power, manufacturing, wholesale, marine, mining, aviation, transport and others, while the manufacturing and supply segment generates revenue from sales of excess supplies of the Company's products to third parties only (i.e. other oil companies) pursuant to product purchase or sale agreements.
The Company has no majority-owned subsidiaries but has equity interest in various joint ventures. These include Pandacan Depots Services, Inc., which manages and operates storage, handling and distribution facilities; Bonifacio Gas Corporation, which constructs, maintains and operates a centralized gas distribution system; and Kamayan Realty Corporation, which acquires, develops and manages real estate properties.
Some of the Company's products are "Shell FuelSave Gasoline"; "Shell FuelOil Plus"; "Shell Helix"; "Shell Rimula"; and "Shell Naturelle". As of June 30, 2016, SHLPH has a network of 966 retail service stations, of which 583 are in Luzon, 160 in Visayas, and 223 in Mindanao. The Company also owns an oil refinery in Tabangao, Batangas as well as oil depots and installations all over the Philippines.
Source: Prospectus (2016)
|Subsector||Electricity, Energy, Power & Water|
|Number of Directors|
|Stockholders' Meeting as per By-Laws||third Tuesday in May|
|Fiscal Year||12/31 (Month/Day)|
|External Auditor||SyCip Gorres Velayo & Co.|
|Transfer Agent||Rizal Commercial Banking Corporation|
|Business Address||Shell House, No. 156 Valero Street, Salcedo Village, Brgy. Bel-Air, Makati City 1227|
|Telephone Number||(632) 816-6501|
|Fax Number||(632) 4994350|