France
349 Employees
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Third-party revenues
$1,140,499,070
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Related-party revenues
$269,746,705
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Total revenues
$1,410,245,775
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Profit before tax
$(59,692,564)
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Tax paid
$2,686,565
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Tax accrued
$2,030,274
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Tangible assets
$506,147,864
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Stated capital
$510,016,748
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Accumulated earnings
$362,284,844
Main Business Activities
- Downstream
Shell has been present in France since 1919. Our main operations involve the supply and marketing of petroleum products and services.
Shell has 85 retail sites in France, a lubricants blending plant in Nanterre and a research centre for bitumen close to Strasbourg. In 2017, a New Energies team [A] was created to develop activities in renewable energy. Shell also has a number of interests in joint ventures and subsidiaries.
In 2019, Société des Pétroles Shell SAS acquired EOLFI SAS (Eolfi), a leading international offshore floating wind developer. The main objective of the acquisition is to build up and reinforce Shell’s new energy capabilities in floating offshore wind projects in France and other countries.
Country Financial Analysis
The statutory corporate income tax rate in France is 28.94% (including social contribution payments).
The loss for the year is a result of the COVID-19 pandemic and a decrease in sale prices. Tax accrued includes local taxes which are based on turnover.
[A] New Energies was rebranded to Renewables and Energy Solutions in 2021.
