PROFIT BEFORE TAX
Main Business Activities
Shell has been present in France since 1919. Our main operations involve the supply and marketing of petroleum products and services. Shell has 85 retail sites in France, a lubricants blending plant in Nanterre and a research centre for bitumen close to Strasbourg. In 2017, a New Energies team was created to develop activities in renewable energy. Shell also has a number of interests in joint ventures and subsidiaries.
In 2019, Shell France acquired EOLFI SAS (Eolfi), a leading international offshore floating wind developer. The main objective of the acquisition is to build up and reinforce Shell's new energy capabilities in floating offshore wind projects in France and other countries.
Country Financial Analysis
The statutory corporate income tax rate in France is 34.43% (including social contribution payments).
The profit for the year was offset against carry-forward losses and tax credits from previous years. This resulted in no tax paid during the year 2019.