2,952 Employees

Third-Party Revenues
Related-party revenues
Total Revenues
Profit Before Tax
Tax Paid
Tax Accrued
Tangible Assets
Stated Capital

not available at the time of publication

Accumulated Earnings

Main Business Activities

  • Upstream and Integrated Gas
  • Other support activities

Shell has been present in Nigeria for 60 years. Our activities include oil and gas exploration and production.

In 2018, about 10% of Nigeria’s domestic gas, most of which was used for power generation, and about 13% of Nigeria’s grid-connected electricity were supplied by the joint venture Shell Petroleum Development Company Ltd. (SPDC). SPDC is the operator of a joint venture agreement in which the Nigerian National Petroleum Corporation (NNPC) holds 55%, Shell 30%, Total Exploration and Production Nigeria Ltd. (TEPNG) 10% and Nigerian Agip Oil Company Ltd. (NAOC) 5%.

Shell Nigeria Exploration and Production Company Ltd. was set up in 1993 to develop and produce Nigeria’s deep-water oil and gas resources.

Shell Nigeria Gas Ltd. (SNG) currently operates a gas transmission and distribution network of around 115km in Nigeria.

Country Financial Analysis

Shell has several natural gas projects still in the exploration, development or construction phases. Divestment of producing assets and vandalisation of assets and pipelines in the Niger Delta in recent years have negatively impacted production levels. Shell paid tax in 2018 on profits from producing assets.

Our Payments to Governments Report for 2018 shows that Shell paid around $5.1 billion in production entitlements, royalties and fees.