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                    [ArticleID] => 141565
                    [Title] => Caltex sees earnings to hit P600M
                    [Summary] => Caltex Philippines Inc., the country’s third largest oil firm, expects earnings to reach P500 million to P600 million this year, way below   its original target of P1 billion for the period, a ranking company official said.


In an interview, Caltex country chairman Nick Florio said they have to revise their earnings projection to reflect the real situation in the market.


"Consumption is down, margins are below expectation and sales are down. The level of profitability in the industry is also below expectation," he said.


                    [DatePublished] => 2001-11-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
                (
                    [ArticleID] => 129400
                    [Title] => Shell, Caltex pick IPO advisers
                    [Summary] => Two of the country’s oil majors have selected their financial advisers for their planned initial public offering (IPO).


Pilipinas Shell Petroleum Corp. country chairman Oscar Reyes said they have appointed Salomon Smith Barneys as the company’s financial advisor for its IPO plans.


Caltex Philippines Inc. country chairman Nick Florio, said they would be tapping JP Morgan Chase Manhattan to handle the public offering.


                    [DatePublished] => 2001-08-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 129014
                    [Title] => Major oil companies seek deferment of Clean Air Act
                    [Summary] => Major oil companies are expected to lobby for the deferment of their compliance to the Clean Air Act (CAA) due to the economy’s continued weakness.


"We would be working with the industry and with the Department of Energy (DOE) to look for deferment of the second phase of CAA if possible," Caltex Phils. Inc. country director Nick Florio said.


He said the second phase of the CAA is capital intensive. "The amount of investment is very significant. It could be up to $150 million. Its a real concern for us," Florio said.


                    [DatePublished] => 2001-08-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                (
                    [ArticleID] => 96543
                    [Title] => Shell, Caltex set to launch IPOs
                    [Summary] => Pilipinas Shell Petroleum Corp. and Caltex Philippines Inc., are ready to sell 10 percent of their shares through an initial public offering (IPO). They are simply waiting for the market to get better.


"We have done the necessary preparations for our IPO. We have named our financial advisor," Shell country chairman Oscar Reyes said in an interview.


Reyes said they are just waiting for the "right timing… to ensure success because we want it to have a good impact on the Philippine capital market and of course, to the investors."


                    [DatePublished] => 2001-03-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 97009
                    [Title] => Caltex bucks reimposition of 3% oil tariff
                    [Summary] => Lifting the suspension of the three-percent tariff on oil imports will result in an increase in domestic oil prices, an official of Caltex Phils. Inc., one of the country’s Big "3" oil companies said.


"The lifting of the tariff suspension will create an upward pressure on the prices of local fuel and will translate to an immediate reaction in oil prices in the coming weeks," Caltex country chairman Nick Florio said.


                    [DatePublished] => 2001-02-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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)

NICK FLORIO

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                    [ArticleID] => 141565
                    [Title] => Caltex sees earnings to hit P600M
                    [Summary] => Caltex Philippines Inc., the country’s third largest oil firm, expects earnings to reach P500 million to P600 million this year, way below   its original target of P1 billion for the period, a ranking company official said.


In an interview, Caltex country chairman Nick Florio said they have to revise their earnings projection to reflect the real situation in the market.


"Consumption is down, margins are below expectation and sales are down. The level of profitability in the industry is also below expectation," he said.


                    [DatePublished] => 2001-11-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
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                (
                    [ArticleID] => 129400
                    [Title] => Shell, Caltex pick IPO advisers
                    [Summary] => Two of the country’s oil majors have selected their financial advisers for their planned initial public offering (IPO).


Pilipinas Shell Petroleum Corp. country chairman Oscar Reyes said they have appointed Salomon Smith Barneys as the company’s financial advisor for its IPO plans.


Caltex Philippines Inc. country chairman Nick Florio, said they would be tapping JP Morgan Chase Manhattan to handle the public offering.


                    [DatePublished] => 2001-08-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 129014
                    [Title] => Major oil companies seek deferment of Clean Air Act
                    [Summary] => Major oil companies are expected to lobby for the deferment of their compliance to the Clean Air Act (CAA) due to the economy’s continued weakness.


"We would be working with the industry and with the Department of Energy (DOE) to look for deferment of the second phase of CAA if possible," Caltex Phils. Inc. country director Nick Florio said.


He said the second phase of the CAA is capital intensive. "The amount of investment is very significant. It could be up to $150 million. Its a real concern for us," Florio said.


                    [DatePublished] => 2001-08-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 96543
                    [Title] => Shell, Caltex set to launch IPOs
                    [Summary] => Pilipinas Shell Petroleum Corp. and Caltex Philippines Inc., are ready to sell 10 percent of their shares through an initial public offering (IPO). They are simply waiting for the market to get better.


"We have done the necessary preparations for our IPO. We have named our financial advisor," Shell country chairman Oscar Reyes said in an interview.


Reyes said they are just waiting for the "right timing… to ensure success because we want it to have a good impact on the Philippine capital market and of course, to the investors."


                    [DatePublished] => 2001-03-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 97009
                    [Title] => Caltex bucks reimposition of 3% oil tariff
                    [Summary] => Lifting the suspension of the three-percent tariff on oil imports will result in an increase in domestic oil prices, an official of Caltex Phils. Inc., one of the country’s Big "3" oil companies said.


"The lifting of the tariff suspension will create an upward pressure on the prices of local fuel and will translate to an immediate reaction in oil prices in the coming weeks," Caltex country chairman Nick Florio said.


                    [DatePublished] => 2001-02-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Caltex sees earnings to hit P600M

By Donnabelle L. Gatdula | November 27, 2001 - 12:00am

Caltex Philippines Inc., the country’s third largest oil firm, expects earnings to reach P500 million to P600 million this year, way below its original target of P1 billion for the period, a ranking company...

Business

Shell, Caltex pick IPO advisers

By Donnabelle L. Gatdula | August 9, 2001 - 12:00am

Two of the country’s oil majors have selected their financial advisers for their planned initial public offering (IPO). Pilipinas Shell Petroleum Corp. country chairman Oscar Reyes said they have appointed...

Business

Major oil companies seek deferment of Clean Air Act

August 6, 2001 - 12:00am

Major oil companies are expected to lobby for the deferment of their compliance to the Clean Air Act (CAA) due to the economy’s continued weakness. "We would be working with the industry and with the Department...

Business

Shell, Caltex set to launch IPOs

By Donnabelle L. Gatdula | March 27, 2001 - 12:00am

Pilipinas Shell Petroleum Corp. and Caltex Philippines Inc., are ready to sell 10 percent of their shares through an initial public offering (IPO). They are simply waiting for the market to get better. "We...

Business

Caltex bucks reimposition of 3% oil tariff

February 12, 2001 - 12:00am

Lifting the suspension of the three-percent tariff on oil imports will result in an increase in domestic oil prices, an official of Caltex Phils. Inc., one of the country’s Big "3" oil companies said. "The...

Business