Shell slowly rebounds despite market pressures

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Market challenges including continued rally in global oil prices as well as interest rate hikes exerted considerable pressure on the company's bottom line.

If reckoned on core earnings, however, that stood at P1.4 billion, improving the company’s financial books that could still point to a strong finish this year.

From the initial rebound that the company had already achieved in the second quarter, Osial asserted that “we have built momentum and we will finish strong in 2023 with exceptional customer experience and continued innovation in serving our growing customer base with world-class Shell products and services.”

The company’s mobility stations performed well within the period, and its premium fuel “Shell Power V” was still widely patronized by its customers.

 

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