Shell Pilipinas Corp. booked a 44.7 percent drop in net income for the first half of 2025, posting P965.32 million, compared with P1.7 billion in the same period in 2024.
In a disclosure to the Philippine Stock Exchange on Thursday, the integrated petroleum company said net sales for the first half of 2025 declined by 9 percent to P114.1 billion compared with P125.4 billion.
Shell Pilipinas said its earnings were weakened by lower pump prices as a result of declining global oil prices and lower marketing volumes.
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