not available at the time of publication
Main Business Activities
Shell has been present in Saudi Arabia for 75 years. Our activities include oil refining through Saudi Aramco Shell Refinery Company (SASREF), and the marketing of lubricants through Al Jomaih and Shell Lubricating Oil Co. Ltd. (JOSLOC).
In 2019, Shell sold its 50% interest in SASREF to Saudi Aramco.
Country Financial Analysis
Corporate income taxes are paid in arrears in Saudi Arabia. The tax paid in 2018 is on profit made in 2017. The tax accrued relates to the amount of tax payable at the corporate income tax rate of 20% on the 2018 taxation year profits.