Profit before tax
Main Business Activities
- Trading and Supply
Shell has been present in the Bahamas since 2002, following the acquisition of Enterprise Oil. The entity Shell acquired, formerly called Shell E&P Ireland Offshore Inc., held upstream investments that have since been divested. In 2019, Shell E&P Ireland Offshore Inc. was renamed Shell Bahamas Power Company Inc. (SBPC). SBPC is the designated company for the implementation of the proposed liquefied natural gas (LNG) regasification and power plants project in partnership with a Bahamas state-owned entity, Bahamas Power and Light Company Limited.
Since 2018, Shell in the Bahamas has included Shell Western Supply and Trading Limited, a crude oil trading business serving West African and Latin American markets.
Country Financial Analysis
The Bahamas does not impose corporate income tax on international business companies (IBC) operating in the country. While IBCs are not subject to direct taxes, they are subject to indirect taxes and fees.