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In 2022, Pilipinas Shell Petroleum Corporation had a strong financial performance.

Here are some


highlights. These figures indicate that the company had a robust operational performance and healthy
cash flow. The high ROACE suggests that the company used its capital efficiently to generate profits.

In comparison, in 2021, Pilipinas Shell Petroleum Corporation ended the fiscal year with net earnings of
PHP 3.9 billion. This marked a recovery path for the company after its PHP 16.2 billion loss in 2020. The
recovery can be attributed to their approach in marketing premium products, customer-centric
integrated fuel and non-fuel products, and sustained network growth.
Overall, it appears that Pilipinas Shell Petroleum Corporation continued to improve its financial
performance from 2021 to 2022.

example of a Financial Statement (at least 2 years) of a publicly listed corporation Provide a brief
explanation of their Financial Performance.

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