AFS – Audited Financial Statement

AGM - Annual General Meeting

ASR – Annual and Sustainability Report

BARC – Board Audit and Risk Oversight Committee

b/d - barrels per day

bbl - barrel

boe(/d) - barrels of oil equivalent (per day)

CAA Charter – Corporate Audit and Assurance Charter

CAAD – Corporate Audit and Assurance Department

CapEx – capital expenditure

CFFO – cash flow from operations

CFM – Community Feedback Mechanism

CG – Corporate Governance

CG Committee – Corporate Governance Committee

CO2 - carbon dioxide

COSA – cost of sales adjustment

E&C –Ethics & Compliance

ECC – Environmental Compliance Certificate

FCF – free cash flow

FIFO – First-In, First-Out

GDP – Gross Domestic Product

GHG - greenhouse gas

GRI – Group Reporting Initiative

GRM – gross refining margin

GTL - gas to liquids

HSC – Helix Service Centers

HSE - health, safety and environment

HSSE - health, safety, security and environment

IFRS - International Financial Reporting Standards

IMO – International Maritime Organization

LNG - liquefied natural gas

LPG - liquefied petroleum gas

ML – million liters

mtpa - million tonnes per annum

MW – megawatts

NFR – Non-Fuels Retailing

NGL - natural gas liquids

NGO - non-governmental organisation

NIAT – net income after tax

NMIF – North Mindanao Import Facility

NTR – Non-Technical Risks

OPEC - Organization of the Petroleum Exporting Countries

OpEx – operating expense

PSE – Philippine Stock Exchange

PSFI – Pilipinas Shell Foundation, Inc.

PSPC – 金沙app官方门沙APP Corporation

R&D - research and development

RDE – Royal Dutch Shell

ROACE – return on average capital employed

RPT – Related Party Transactions

RPT Committee – Related Party Transactions Committee

scf - standard cubic feet

SciP – Shell companies in the Philippines

SDG – UN Sustainable Development Goals

SEC – Philippine Securities and Exchange Commission

SHOC+ - Shell Helix Oil Change +

SHOW – Shell Operated Webcast

TRCF - total recordable case frequency

WCF – Wholesale Commercial Fuels 

WTI - West Texas Intermediate

More in About us

Who we are

Learn about our business and people, which grew from a small presence over 100 years ago to become a major energy company in the Philippines.

What we do

We are an integrated energy company that aims to meet society’s growing demand for energy in ways that are economically, environmentally and socially responsible.

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