PROFIT BEFORE TAX
Main Business Activities
Shell has been present in Brunei for more than 90 years and our activities are mainly carried out by non-Shell-operated joint ventures. The figures above are for Shell’s wholly-owned entities in Brunei that are active in exploration and production.
Country Financial Analysis
The statutory petroleum income tax rate in Brunei is 55%.
In 2019, there was an accounting loss before tax as a result of asset write-offs. Tax was accrued and paid as these write-offs are not tax deductible.
Our Payments to Governments Report for 2019 also shows that Shell paid $727,717 in fees.