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) Nov 11, 20212. 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 achieves P3.4B income despite 3Q lockdowns

Background/Description of the Disclosure

Pilipinas Shell Petroleum Corporation (Pilipinas Shell) grew its net income to PhP3.4 billion by end September, a significant recovery from its PhP13.9 billion loss in the same period last year. This despite the mobility slowdown resulting from the two-week Enhanced Community Quarantine (ECQ) implemented in NCR and select provinces last August, and the succeeding Alert 4 restriction.

"Our renewed strategy has been proven effective for our business to thrive amidst the resurgence of selected lockdowns in the country. We are continuously growing our capacity for the remainder of 2021, to prepare for the near and medium-term demand pick-up as active new COVID cases decline, vaccination programs accelerate, and travel restrictions ease," says Pilipinas Shell President and CEO Cesar Romero.

The Company's borrowing levels remain controlled, while working capital requirements increased as global market prices for gasoline and diesel increased by ~50% from December 2020.

Please refer to attached Press Release.

Other Relevant Information

N/A

Filed on behalf by:
Name Ellie Chris Navarra
Designation Legal Counsel & Assistant Corporate Secretary

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Pilipinas Shell Petroleum Corporation published this content on 12 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 November 2021 00:26:05 UTC.