Profit before tax
Main Business Activities
- Upstream and Integrated Gas
- Other support activities
Shell has been active in Colombia since 1956. Today, Shell’s upstream activities include six deep-water blocks (five active blocks and one block in liquidation).
Shell is in the process of liquidating its trading and downstream businesses in Colombia which ceased operations in March 2018 and December 2019 respectively.
Country Financial Analysis
The statutory corporate income tax rate in Colombia was 32% for 2020.
We are investing in our upstream business in Colombia and therefore incurring costs. As a result, we have reported a loss and no corporate income tax is owed.