Skip to main content


358 Employees

  • Third-party revenues


  • Related-party revenues


  • Total revenues


  • Profit before tax


  • Tax paid


  • Tax accrued


  • Tangible assets


  • Stated capital


  • Accumulated earnings


Main Business Activities

  • Upstream and Integrated Gas
  • Downstream
  • Trading and Supply
  • Other support activities

Shell’s presence in Indonesia goes back more than 100 years to when the discovery of crude oil in Sumatra led to the formation of Royal Dutch Petroleum Company.

Shell has upstream and downstream activities in Indonesia. Shell’s downstream activities include the marketing of fuels, lubricants and bitumen. In its upstream activities, Shell is a partner of Inpex, which operates the Masela production-sharing contract, including the Abadi gas fields. Shell has a 35% interest in the project.

Country Financial Analysis

The statutory corporate income tax rate in Indonesia is 22%.

In 2020, revenues came mostly from the downstream business. Upstream activities are in the exploration phase and therefore did not make a profit.

Shell in Indonesia reported a loss for 2020 as a result of an impairment in the value of Shell’s interest in the Masela production-sharing contract.

The tax credit figure is the refund of corporate income tax for 2017-2018 received in 2020. The tax accrued figure represents a prepayment of corporate income tax for 2020. However, as taxable income will be offset by losses, any prepayment is refundable from the tax authority.

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.
View complete glossary
Corporate income tax payment regimes differ. Many tax regimes require payments to be made in instalments. These may be due before the final tax liability is known or agreed.
View complete glossary
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.
View complete glossary
Tax authority
Also known as a revenue agency. This is the body responsible for administering the tax laws of a particular country or regional or local authority.
View complete glossary