Shell Publishes 2018 Tax Report

Anglo-Dutch major Shell paid $10.1bn in corporate income tax and $5.8bn in royalties globally in 2018, it said in a report published December 17. It also collected some $48.2bn in excise duties, sales taxes and similar levies on fuel and other products. Overall corporate revenues were $396.6bn, from which it made a profit of $35.6bn.

The biggest recipient was Oman, which took $3.3bn, out of the $4.4bn received by the Middle East as a whole. That region took more than the next two largest regions combined: Europe ($2.1bn) and Asia-Pacific ($1.8bn).

Explaining the publication of the country-by-country report, CFO Jessica Uhl said: "transparency is important for Shell – showing who we are and what we do is one of the best ways we can demonstrate the many contributions we make to society.” 

In 2018, Shell endorsed a set of responsible tax principles developed by the B Team, a not-for-profit organisation whose mission is to help companies establish responsible business practices.

The full report may be found here.