not available at the time of publication
Main Business Activities
- New Energies
- Trading and Supply
Shell’s presence in the USA began more than 100 years ago. Shell has interests in 50 states, employing more than 17,000 people. Shell’s exploration and production areas include the Marcellus and Utica shale gas formation in Pennsylvania and West Virginia; Permian Basin shale oil in West Texas; and deep-water oil off the coast of the USA in the Gulf of Mexico. Shell produces 426,000 barrels of oil equivalent per day in the USA. There are five major refinery locations in Texas, Louisiana, Washington and California. Shell also has manufacturing and chemical facilities located in Alabama (Mobile), Louisiana (Norco and Geismar) and Texas (Deer Park). The crude and product trading organisation buys and sells more than 5 million barrels of hydrocarbons every day. The gas and power trading organisation buys and sells 7 billion cubic feet of natural gas per day, sells 270 million megawatt-hours of power annually, and has more than 10,000 megawatts of generation capacity with a third coming from renewable sources. The supply organisation provides biofuels and has three hydrogen fuelling stations operating in California. There are more than 13,000 Shell-branded retail sites in the USA and 2,000 Jiffy Lube locations.
Country Financial Analysis
The tax paid in 2018 includes the net amount of corporate income taxes paid to the US federal and state governments which may relate to more than one tax-paying year. The amount of tax paid at the state and federal level includes offsets for operating losses incurred during previous years. These losses were the result of many factors, including the decision to make significant investments in the US Upstream, Manufacturing, and Chemical businesses during a period of low oil and gas prices, the decision to abandon exploration activities in Alaska, and the decision to divest a number of non-producing onshore oil and gas leases.
Our Payments to Governments Report for 2018 also shows payments of around $869.3 million in royalties and fees.