Cayman Islands

0 Employees

Third-Party Revenues
$0
Related-party revenues
$1,340,642
Total Revenues
$1,340,642
Profit Before Tax
$7,041,102
Tax Paid
$0
Tax Accrued
$0
Tangible Assets
$0
Stated Capital

not available at the time of publication

Accumulated Earnings
$(53,828,946)

Main Business Activities

  • Holding investments

Shell’s holding company in the Cayman Islands, BG Exploration and Production India Ltd., has a project office and a branch office in India involved in oil and gas exploration and production. Shell inherited this entity when it acquired BG Group in 2016. Income earned by BG Exploration and Production India Ltd. is subject to tax in India.

Country Financial Analysis

The holding company has no income and therefore pays no tax in the Cayman Islands. The $7 million in profit before tax is that of the Indian project office, which is subject to tax in India.