Pilipinas Shell Petroleum Corp. plans to put up retail shops and restaurants such as Jollibee, McDonald’s, Starbucks, and Adidas in 550 of its 1,300 to 1,400 gasoline refilling stations by 2025.
The move could drive non-fuel retail earnings to grow at least 15 percent a year and build an income stream that provides a quarter of sales for the publicly listed Philippine arm of Shell Plc, according to CEO Lorelie Quiambao Osial.
Shell wants to have retail offerings that range from convenience stores to restaurants and shops.
Osial noted that while their offerings were motorists-driven, it’s enjoyed by passengers as well.
After Pilipinas Shell shut down its refinery in 2020 and began purchasing fuel supplies from abroad, attention was drawn to the company's efforts to increase non-fuel revenue while rapidly expanding its service stations. Closing the refinery increased earnings predictability and freed up funds to support higher-yielding projects like expanding its gas station footprint. Currently, non-fuel retail accounts for 25 percent of total sales.
In preparation for a rise in EV use in the Philippines, Pilipinas Shell has additionally put electric car charging facilities at several of its stations.


New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves
Nike Shares Slide as Margins Fall Again Amid China Slump and Costly Turnaround
Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz
Debate over H-1B visas shines spotlight on US tech worker shortages
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns
Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision
Why a ‘rip-off’ degree might be worth the money after all – research study
Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets
U.S. Stock Futures Slip After CPI-Fueled Rally as Markets Weigh Economic Uncertainty
South Korea Warns Weak Won Could Push Inflation Higher in 2025
Yes, government influences wages – but not just in the way you might think
Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group
Amazon in Talks to Invest $10 Billion in OpenAI as AI Firm Eyes $1 Trillion IPO Valuation
Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies
TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement
Britain has almost 1 million young people not in work or education – here’s what evidence shows can change that
Canada’s local food system faces major roadblocks without urgent policy changes 



