Hong Kong, SAR

181 Employees

THIRD-PARTY REVENUES

$1,652,255,221

RELATED-PARTY REVENUES

$126,948,144

TOTAL REVENUES

$1,779,203,366

PROFIT BEFORE TAX

$75,281,285

TAX PAID

$2,129,485

TAX ACCRUED

$12,406,805

TANGIBLE ASSETS

$690,732,923

STATED CAPITAL

$255,600,230

ACCUMULATED EARNINGS

$243,242,468

Main Business Activities

  • Downstream
  • Trading and Supply

Shell has been active in Hong Kong since 1913. Activities include sales of fuels at more than 40 retail sites, the production of lubricants and the sale of aviation fuels and bitumen. Shell Hong Kong does not carry out any activities outside of Hong Kong.

Shell sold its liquefied petroleum gas (LPG) marketing business in Hong Kong to DCC Energy in 2017. Shell-branded LPG products will continue to be available in Hong Kong via a long-term brand licence agreement with DCC LPG.

Financial Analysis

The statutory corporate income tax rate in Hong Kong is 16.5%.

The tax paid figure reflects a payment for 2018 and a provisional payment for 2019. in 2019 recognise leases in line with new International Financial Reporting Standards. 

Tangible assets
A tangible asset is an asset that has a physical form (for example, plant and equipment inventories).
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