Profit before tax
Main Business Activities
- Upstream and Integrated Gas
- Trading and Supply
- Other support activities
Shell has been present in Russia since 1892 but left in 1918 when activities were nationalised, returning in 1983 to open a representative office. Shell started a lubricants business in Russia in 1992 and is now active in exploration and production, oil and gas transportation and marketing. There are more than 400 Shell-branded retail sites and Shell provides technical and advisory services to Russian companies.
Country Financial Analysis
The statutory corporate income tax rate in Russia is 20%.
In 2020, profits fell as a result of reduced demand, lower oil prices and the fall in value of the Russian ruble against the dollar. Tax paid represents corporate income tax paid primarily by wholly owned Shell companies involved in downstream and trading activities.