not available at the time of publication
Main Business Activities
- Upstream and Integrated Gas
- Trading and Supply
- Other support activities
Shell has been in Mexico since 1954 when it started as a chemicals business. Today, Shell’s activities in Mexico include nine deep-water blocks and two shallow-water blocks, 183 retail sites, and the sale of petrochemicals and lubricants through macro-distributors.
Shell also has 100% capacity at the Altamira regasification plant and supplies Comisión Federal de Electricidad, the state-owned electric utility of Mexico, through the Manzanillo terminal as well. Shell is also active in strategic sourcing and supplier development, providing goods and services to Shell’s operations worldwide.
Country Financial Analysis
Tax paid during the year reflects Mexican tax payable on profits made predominantly from the Integrated Gas business.
The overall loss is due to investments made in Upstream and Downstream businesses during the year.
Our Payments to Governments Report for 2018 also shows that Shell paid around $364.1 million in bonuses and fees.