New Zealand

3 Employees

THIRD-PARTY REVENUES

$(16,116,161)

RELATED-PARTY REVENUES

$12,005,650

TOTAL REVENUES

$(4,110,511)

PROFIT BEFORE TAX

$(9,872,730)

TAX PAID

$340,841

TAX ACCRUED

$378,741

TANGIBLE ASSETS

$339

STATED CAPITAL

$3,688,325,156

ACCUMULATED EARNINGS

$542,405,291

Main Business Activities

  • Upstream and Integrated Gas

Shell has been present in New Zealand for more than 100 years. However, we have divested our interests in New Zealand as part of a global strategic review of investments. The Downstream retail business was sold in 2010 and the upstream oil and gas assets were divested 2017 and 2018. In 2017, Shell sold its interest in Kapuni and in 2018 Shell completed the sale of its interests in the Māui, Pohokura, and Tank Farm assets, and the sale of Shell’s interest in (and operatorship of) the Great South Basin venture.

Country Financial Analysis

The statutory corporate income tax rate in New Zealand is 28%.

Revenues reduced in 2019 as a result of the divestments, leading to a loss before tax. In compliance with New Zealand law, taxes are calculated and paid to the relevant for entities retained after the divestments in 2018. 

Tax authority
Also known as a revenue agency. This is the body responsible for administering the tax laws of a particular country or regional or local authority.
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