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Shell sets P6-B capex amid fierce competition
The Philippine Star
|May 15, 2025
Oil player Shell Pilipinas Corp. (SPC) is setting aside up to P6 billion for capital spending over the next two years to stay competitive in an increasingly tight domestic market.
In a media briefing yesterday, SPC vice president for finance Reynaldo Abilo said around P2 billion to P3 billion per year would be earmarked for capital expenditures in 2025 and 2026.
The capex, funded by internally generated cash flows and operations, would be evenly split between SPC's mobility business and supply chain, Abilo said.
The company intends to build new fuel stations and upgrade existing ones as part of its efforts to deliver quality service and experience to customers.
It also plans to infuse fresh capital into the Shell Import Facility Tabangao in Batangas, its biggest import terminal in the Philippines.
यह कहानी The Philippine Star के May 15, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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