PROFIT BEFORE TAX
Main Business Activities
- Upstream and Integrated Gas
Shell inherited two UK-registered entities with Kenyan branches when it acquired BG Group in 2016. These branches explored two areas off the coast of Kenya through production-sharing contracts (PSCs). Exploration has been unsuccessful and Shell notified the government of its intention to relinquish the two PSCs in May 2018. The PSCs automatically lapsed on their expiry date, June 15, 2018. In 2019, the branches were in the process of being deregistered and closed.
Country Financial Analysis
Kenya's statutory corporate income tax rate was 30% in 2019.
Shell’s operations in Kenya in 2019 were limited and incurred losses, therefore no corporate income tax was due.