Shell Pilipinas Corp. said on Wednesday that it was penalized P55,700 by the Securities and Exchange Commission (SEC) for missing the deadline to submit its quarterly report for the period ending March 31, 2024.
Fuel giant Shell Pilipinas Corp. saw net income in 2023 plummet by 71 percent to Php1.2 billion on weaker sales and heightened borrowing costs, alongside losses from inventory holdings due to fluctuating global oil prices.