52 Employees

Third-Party Revenues
Related-party revenues
Total Revenues
Profit Before Tax
Tax Paid
Tax Accrued
Tangible Assets
Stated Capital
Accumulated Earnings

Main Business Activities

  • Upstream and Integrated Gas
  • Downstream
  • Trading and Supply
  • Other support activities

Shell has been present in Venezuela for 106 years, and has upstream and downstream activities. In 2018, Shell divested its interest in the Petroregional del Lago non-operated venture and its lubricants business. Shell has an interest in several gas projects in the north-east of the country and the Dragon offshore field.

Country Financial Analysis

Shell companies in Venezuela recorded tax losses during 2018 due to reduced revenues and the divestment of the lubricants business. The sales value from the divestment will be reflected in the holding company accounts which will be outside of Venezuela. The figure shown under tax paid relates to withholding taxes, not corporate income taxes.