USA

Shell has been present in the USA for more than 100 years. Shell’s exploration and production areas include the Permian Basin shale oil in West Texas and deep-water oil in the Gulf of Mexico. Major refinery locations include Texas, Louisiana and Washington. Shell also has manufacturing and chemical facilities located in Alabama, Louisiana and Texas. The trading organisation buys and sells more than 5 million barrels of hydrocarbons and 7 billion cubic feet of natural gas every day. It also manages more than 10,000 megawatts of power generation capacity with a third coming from renewable sources.

There are more than 12,000 Shell-branded retail sites in the USA and 1,900 Jiffy Lube locations. Shell has six operating hydrogen fuelling stations in California and in 2019 acquired Greenlots, a California-based company specialising in electric vehicle charging and energy management software.

Country Financial Analysis

The federal statutory corporate income tax rate in the USA is 21%.

The tax paid in 2019 includes the net amount of corporate income taxes paid to the US federal and state governments which may relate to more than one tax-paying year. The amount of tax paid at the state and federal level includes offsets for operating losses incurred during previous years. These losses were the result of many factors, including the decision to make significant investments in upstream, manufacturing and chemical businesses during a period of low oil and gas prices, the decision to abandon exploration activities in Alaska and the decision to divest a number of non-producing onshore oil and gas leases.

Our Payments to Governments Report for 2019 also shows payments of around $1.07 billion in royalties and fees.