Main Business Activities
- Upstream and Integrated Gas
- Trading and Supply
Shell Thailand was established 127 years ago, and its activities include Downstream and Integrated Gas. Shell is strengthening its non-fuel retail businesses in Thailand and expanding and renovating retail sites across the country.
Country Financial Analysis
Thailand has three different types of taxes: 20% corporate income tax on taxable profits, 10% branch profit remittance tax, and 50% petroleum income tax rate for integrated gas entities.
In June 2018, Shell sold its interest in the Bongkot concession to a third party. Shell’s gain on the sale was taxed at the 50% petroleum income tax. This is reflected in the higher tax paid figure.
Our Payments to Governments Report for 2018 also shows around $78.3 million of royalties paid.