| Pbayear: | 1992 |
| Team: | Shell Rimula X |
| Coach: | Rino Salazar |
| 1C-Name: | First Conference |
| 1C-Wins: | 17 |
| 1C-Losses: | 7 |
| 1C-Place: | 1st |
| 1C-Playoffs: | Champions |
| 2C-Name: | All-Filipino Conference |
| 2C-Wins: | 5 |
| 2C-Losses: | 13 |
| 2C-Place: | 5th |
| 2C-Playoffs: | Semifinals |
| No-3C: | 1 |
| 3C-Name: | Third Conference |
| 3C-Wins: | 5 |
| 3C-Losses: | 7 |
| 3C-Place: | 7th |
| 3C-Playoffs: | Eliminated |
| Pol Team: | 6 |
| Prevseason: | 1991 |
| Nextseason: | 1993 |
The 1992 Shell Rimula X season was the 8th season of the franchise in the Philippine Basketball Association (PBA).
| Round | Pick | Player | College | |
|---|---|---|---|---|
| 1 | 3 | Jolly Escobar | UE | |
| 2 | 14 | Romulo Orillosa | Adamson |
Shell Rimula-X took home the First Conference crown with a 4–1 series win over San Miguel Beermen. Winning coach Rino Salazar won his first title as a coach and seven-time Best Import Bobby Parks delivered the second championship to the Shell franchise, winning it "officially" this time and victory was complete.
See main article: 1992 PBA First Conference finals.
April 21: Shell advances in the finals of the First Conference by scoring a 133-100 rout off San Miguel Beer in the last day of the semifinals, leaving the Beermen and the Alaska Milkmen in a playoff to dispute the other finals slot.
June 9: Shell Rimula-X roared to a 132-114 triumph over Presto Ice Cream in their first game in the All-Filipino Conference. [1]
June 18: Shell escaped with a 97-96 win over Purefoods in the battle of early leaders to take solo lead in the All-Filipino Conference with three wins without a loss. [2]
October 8: Import Steve Colter scored 50 points in leading Shell to a 114-98 win over San Miguel in his farewell game. Colter played five games and led the Turbo Chargers to two victories. The nine-year NBA veteran will be replaced by the comebacking Kelvin Upshaw, who played for Swift last season. [3]
During the Third Conference, Shell was one win away from a semifinals berth when import Kelvin Upshaw was found positive on a random drug test conducted and was banned by the PBA. [4] Upshaw was replaced by Jason Matthews in their last two games and Shell lost a chance to make it to the next round and were eliminated by San Miguel Beermen in the playoff game on November 8.
| Off season | To Pepsi Leo Austria | To Shell Leo Isaac |
| Off-season | To Swift Richard Bognot | To Shell Rey Cuenco |
| Player | Signed | Former team | |
| Off-season | Pepsi | ||
| Off-season | Swift |
| Name | Conference | No. | Pos. | Ht. | College | Duration |
|---|---|---|---|---|---|---|
| Bobby Parks | First Conference | 22 | Forward | 6"3' | Memphis State | February 9 to May 5 |
| Third Conference | 20 | Guard | 6"2' | New Mexico State | September 20 to October 8 | |
| Kelvin Upshaw | 7 | Guard-Forward | 6"2' | University of Utah | October 11-27 | |
| Guard-Forward | 6"2' | University of Pittsburgh | November 5-8 |