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Shell

Hong Kong, SAR

173 Employees

  • Third-party revenues

    $967,926,391

  • Related-party revenues

    $107,294,698

  • Total revenues

    $1,075,221,089

  • Profit before tax

    $46,674,782

  • Tax paid

    $32,076,414

  • Tax accrued

    $7,638,255

  • Tangible assets

    $653,417,905

  • Stated capital

    $256,576,926

  • Accumulated earnings

    $278,642,510

Main Business Activities

  • Downstream
  • Trading and Supply

Shell has been active in Hong Kong since 1913. Activities include the sale of fuels at more than 40 retail sites, the production of lubricants and the sale of aviation fuels and bitumen. Shell in Hong Kong does not carry out any activities outside of Hong Kong. Shell sold its liquefied petroleum gas (LPG) marketing business in Hong Kong to DCC Energy in 2017. Shell-branded LPG products will continue to be available in Hong Kong via a long-term brand licence agreement with DCC LPG.

Financial Analysis

The statutory corporate income tax rate in Hong Kong is 16.5%. The tax paid figure reflects a payment for 2019 and a provisional payment for 2020.

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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