Shell Pilipinas allots up to P3B capex for 2026

MANILA, Philippines – Shell Pilipinas Corp. maintains its capital spending level at P2 billion to P3 billion this year despite heightened volatility due to the Middle East conflict. In a media briefing on Tuesday, Reynaldo Abilo, Shell vice president for finance and chief risk officer, said bulk of the allotted capital expenditures would be spent to modernize the group’s import terminal and infrastructure. The remaining funds would go to finance the expansion of its mobility network nationwide. READ: Shell Pilipinas ends 2025 with P2.1-B profit “I think we will be ending at the lower range of that (budget) by the […]... Keep on reading: Shell Pilipinas allots up to P3B capex for 2026

Original source: Philippine Daily Inquirer