not available at the time of publication
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.