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Lower oil prices cut Shell earnings in H1
The Philippine Star
|August 15, 2025
Shell Pilipinas Corp. (SPC) delivered lower earnings in the first six months following weaker sales caused by declining global oil prices.
The listed oil firm recorded a net income of P965.3 million from January to June, down by 44.7 percent against last year's P1.75 billion.
Net sales likewise went down by 8.9 percent to P114.14 billion from P125.35 billion as domestic pump prices mirrored the downtrend in the global oil market, coupled with lower marketing volumes.
Denne historien er fra August 15, 2025-utgaven av The Philippine Star.
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