Brunei

6 Employees

THIRD-PARTY REVENUES

$123,411,309

RELATED-PARTY REVENUES

$3,906,726

TOTAL REVENUES

$127,318,036

PROFIT BEFORE TAX

$(49,988,492)

TAX PAID

$118,637

TAX ACCRUED

$36,092,804

TANGIBLE ASSETS

$154,472,786

STATED CAPITAL

$328,758,926

ACCUMULATED EARNINGS

$19,396,650

Main Business Activities

  • Upstream

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.