Main Business Activities
- Trading and Supply
- Other downstream (divested in 2018)
- Other support activities
Shell has been present in Argentina since 1914.
In 2018, Shell sold its Argentinian downstream business to the Raízen Group, which is a 50:50 joint venture between Shell and the Brazilian company Cosan. The Shell brand continues to be present in the country through a brand licence agreement with Raízen.
Shell still has upstream activities in the Vaca Muerta basin, a minority interest in a gas field, marketing of chemicals and trading and supply activities.
Country Financial Analysis
The tax paid relates to profits from the downstream activities before they were sold. Shell’s upstream activities incurred operating losses because the Vaca Muerta assets were in the exploration phase.
Our Payments to Governments Report for 2018 also shows that Shell paid around $19.1 million in royalties, bonuses and fees.