The Board of Directors of Shell Pakistan Limited (SPL) has revealed the company’s financial results for the fiscal year ending December 31st, 2023.
The company reported a profit after tax of Rs. 5.8 billion in 2023, compared to a loss of Rs. 72 million in 2022.
Shell Petroleum Company Limited
In October 2023, Shell Petroleum Company Limited, a subsidiary of Shell plc (Shell), agreed to sell its 77.42% stake in Shell Pakistan Limited (SPL) to Wafi Energy LLC.
The deal will be completed once all necessary regulatory approvals, legal requirements, and other closing procedures have been met.
SPL recognises and welcomes the government’s recent move to strengthen industry margins and take strong efforts to combat black market activity in order to stabilise the currency.
Mobility Company
The Mobility company continues to provide best-in-class customer value propositions to clients around the country, with the addition of 27 new sites and the modernization of its current network, all while encouraging safe refuelling, simple payment solutions, and introducing customer-centric programmes. Shell Lubricants maintains market share despite industry headwinds.
10th Tameer Awards
Shell Tameer is actively involved in the development and recognition of emerging businesses. Learning sessions were organised across Pakistan.
involving universities and incubation centres, training over 700 people, including 560 businesses. Shell Tameer also celebrated the 10th Tameer Awards, which received over 400 applications and selected six winners and six runners-up.
SPL remains devoted to operational excellence and safety performance while enhancing its financial position and playing a responsible role in society.
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