Pilipinas Shell Petroleum : Press Release

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER 1. Date of Report (Date of earliest event reported) Mar 25, 20222. SEC Identification Number 148293. BIR Tax Identification No. 000-164-7574. Exact name of issuer as specified in its charter Pilipinas Shell Petroleum Corporation5. Province, country or other jurisdiction of incorporation Taguig City, Metro Manila, Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office 41st Floor, The Finance Center, 26th Street corner 9th Avenue Bonifacio Global City, Brgy. Fort Bonifacio Taguig City, Metro ManilaPostal Code16358. Issuer's telephone number, including area code (632) 3 499 40019. Former name or former address, if changed since last report N/A10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	1,613,444,202

11. Indicate the item numbers reported herein Item 9 - Other Events

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Pilipinas Shell Petroleum CorporationSHLPH PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Pilipinas Shell ends 2021 with P3.9B net income

Background/Description of the Disclosure

Pilipinas Shell Petroleum Corporation's approach in marketing its premium products, customer-centric integrated fuel and non-fuel products, and sustained network growth have resulted in net earnings of P3.9 billion at the end of fiscal year 2021, setting the company on a path to recovery after its P16.2 billion loss in 2020. Core earnings amount to P2.3 billion, a significant increase from the previous fiscal year's P300 million. Operational cash flow remains at P1.8 billion as the company sustains proactive management of costs, working capital and cash inflows. Fuel marketing volumes started increasing as the government lifted COVID-19 restrictions and ramped up its campaign to get more people fully vaccinated, but remain seven percent below 2020 levels. "Our strategy of powering progress for the Philippines is working, despite the challenges brought by an unprecedented global health crisis and the lockdowns it triggered," says Lorelie Quiambao-Osial, the energy company's President and Chief Executive Officer. "It has enabled us to remain agile and resilient throughout the challenging period, placing us in a good position for today's recovery. We remain firm in our commitment to serve the public who are rediscovering the joys of mobility."

Other Relevant Information

N/A

Filed on behalf by:

Name	Ellie Chris Navarra
Designation	Corporate Secretary