SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-Q

QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES
REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER

1. For the quarterly period ended

Mar 31, 2017

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 or organization

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

Shell House, 156 Valero Street, Salcedo Village, Barangay Bel-Air, Makati City Postal Code 1227

8. Issuer's telephone number, including area code

(+632) 4994001

9. Former name or former address, and former fiscal year, 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 Stock	1,613,444,202
Total Liabilities	38,078,182

11. Are any or all of registrant's securities listed on a Stock Exchange?

Yes

No

If yes, state the name of such stock exchange and the classes of securities listed therein:

Common Shares

12. Indicate by check mark whether the registrant:

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of the Corporation Code of the Philippines, during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)

Yes

No

(b) has been subject to such filing requirements for the past ninety (90) days

Yes

No

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 17-2 - Quarterly Report References: SRC Rule 17 and
Sections 17.2 and 17.8 of the Revised Disclosure Rules

For the period ended	Mar 31, 2017
Currency (indicate units, if applicable)	PHP in 000's

Balance Sheet

	Period Ended	Fiscal Year Ended (Audited)
	Mar 31, 2017	Dec 31, 2016
Current Assets	42,090,540	38,856,348
Total Assets	73,907,081	70,609,251
Current Liabilities	28,813,648	22,400,832
Total Liabilities	38,078,182	37,680,978
Retained Earnings/(Deficit)	8,004,034	5,111,868
Stockholders' Equity	35,828,899	32,928,273
Stockholders' Equity - Parent	0	0
Book Value per Share	22.21	20.41

Income Statement

	Current Year-To-Date	Previous Year-To-Date	Current Year (3 Months)	Previous Year (3 Months)
Operating Revenue	41,642,919	31,222,537	41,642,919	31,222,537
Other Revenue	1,962	31,567	1,962	31,567
Gross Revenue	41,644,881	31,254,104	41,644,881	31,254,104
Operating Expense	37,362,361	27,845,432	37,362,361	27,845,432
Other Expense	154,988	148,461	154,988	148,461
Gross Expense	37,517,349	27,993,893	37,517,349	27,993,893
Net Income/(Loss) Before Tax	4,127,532	3,260,211	4,127,532	3,260,211
Income Tax Expense	1,235,366	986,006	1,235,366	986,006
Net Income/(Loss) After Tax	2,892,166	2,274,205	2,892,166	2,274,205
Net Income Attributable to Parent Equity Holder	0	0	0	0
Earnings/(Loss) Per Share (Basic)	1.79	1.43	1.79	1.43
Earnings/(Loss) Per Share (Diluted)	1.79	1.43	1.79	1.43

Other Relevant Information
NA