Thailand
492 Employees
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Third-party revenues
$2,273,216,060
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Related-party revenues
$53,504,034
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Total revenues
$2,326,720,094
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Profit before tax
$174,689,392
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Tax paid
$28,120,985
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Tax accrued
$36,026,275
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Tangible assets
$874,035,637
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Stated capital
$15,762,368
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Accumulated earnings
$25,998,165
Main Business Activities
- Downstream
- Trading and Supply
- Integrated Gas
Shell has been in Thailand for 129 years. Its activities include Downstream and Integrated Gas. Shell is strengthening its non-fuel retail businesses in Thailand and expanding retail sites across the country. In addition, we are also expanding into LNG supply.
Country Financial Analysis
Thailand has three different types of taxes for businesses like ours: 20% corporate income tax on taxable profits, 10% branch profit remittance tax and a 50% petroleum income tax rate for integrated gas entities.
Profit in 2020 is mostly from the downstream business and rose because of lower costs and higher profit margins on products. The lower tax paid in 2020 represents final tax settlements on profits arising in 2019 and advance payments of tax in relation to 2020.
