China

1,768 Employees

-1 China Shell Tax Contribution Report 2018
Third-Party Revenues
$2,120,948,471
Related-party revenues
$970,185,709
Total Revenues
$3,091,134,180
Profit Before Tax
$342,104,201
Tax Paid
$52,311,423
Tax Accrued
$50,922,050
Tangible Assets
$910,221,049
Stated Capital

not available at the time of publication

Accumulated Earnings
$(1,621,443,255)

Main Business Activities

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

Shell has been present in China for more than a century where it now has Upstream, Integrated Gas, Downstream and Projects & Technology activities. Downstream businesses in China, in particular retail, are highly regulated but as part of China’s “open door” policy in recent years the market is starting to open up. Our China Downstream businesses have experienced strong growth over the past 10 years.

Country Financial Analysis

Our corporate income tax in 2018 was mainly in relation to income from our Downstream businesses. The accumulated loss of $1.6 billion is mostly a result of some earlier unsuccessful upstream project investments which Shell decided to exit due to unfavourable exploration results.

Our Payments to Governments Report for 2018 also shows that Shell paid around $1.3 million in production entitlements.

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