SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Dec 14, 2016

2. SEC Identification Number

14829

3. BIR Tax Identification No.

000-164-757

4. Exact name of issuer as specified in its charter

Pilipinas Shell Petroleum Corporation

5. Province, country or other jurisdiction of incorporation

Makati City, Metro Manila, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

Shell House, 156 Valero St., Salcedo Village, Brgy. Bel-Air, Makati City Postal Code 1227

8. Issuer's telephone number, including area code

(63 2) 4994001

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	1,613,444,202

11. Indicate the item numbers reported herein

9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Pilipinas Shell Petroleum CorporationSHLPH

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Clarification of News Report on philSTAR.com dated 14 December 2016

Source	philSTAR.com
Subject of News Report	Expansion of and Capital Expenditure on Retail Network
Date of Publication	Dec 14, 2016

Clarification of News Report
PSPC intends to put up 50-70 stations per year for the period 2017 to 2020, with a majority planned for the south. The actual locations and the mix between company-owned dealer-operated retail stations and dealer-owned dealer-operated stations shall be determined at the time the decision is made. The figures stated for capital expenditure from 2016-2020, which was stated in the Prospectus, refers to PSPC's anticipated capital expenditure not just for Retail, but includes those for Manufacturing and Supply and Commercial.
Other Relevant Information
N/A