Kenya

0 Employees

Third-party revenues

$0
Related-party revenues

$23,836
Total revenues

$23,836
Profit before tax

$(674,907)
Tax paid

$0
Tax accrued

$0
Tangible assets

$0
Stated capital

$0
Accumulated earnings

$0

Main Business Activities

Upstream and Integrated Gas

Shell inherited two UK-registered entities with Kenyan branches when it acquired BG Group in 2016. These branches explored two areas off the coast of Kenya through production-sharing contracts (PSCs). Exploration has been unsuccessful and Shell notified the government of its intention to relinquish the two PSCs in May 2018. The PSCs automatically lapsed on their expiry date, June 15, 2018. In 2020, the branches were still in the process of deregistration.

Country Financial Analysis

Kenya’s statutory corporate income tax rate was 30% in 2020.

Shell’s operations in Kenya in 2020 were limited and incurred losses, therefore no corporate income tax was due.

Branch

A branch is an office or business presence in a location other than where the corporate entity is established.

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Corporate income tax

This is a direct tax imposed on companies’ profits. It is sometimes levied at a national level but can also be levied on a state or local basis.

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Production-sharing contracts or concessions

A production-sharing contract (PSC) is a contractual arrangement between the holders of a resource, typically a country’s government, and a resource extraction company concerning how much oil or gas each party would receive. The company bears the mineral and financial risk of the initiative. It explores, develops and, if successful, manages production. Costs are recovered through the sales of oil or gas and what is left over is split depending on the terms of the contract.

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Kenya

0 Employees

Main Business Activities

Country Financial Analysis

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