Italy
231 Employees
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Third-party revenues
$1,116,194,466
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Related-party revenues
$242,060,381
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Total revenues
$1,358,254,847
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Profit before tax
$(197,843,670)
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Tax paid
$460,684
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Tax accrued
$4,044,633
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Tangible assets
$1,718,547,188
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Stated capital
$1,076,830,158
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Accumulated earnings
$(1,792,868,913)
Main Business Activities
- Upstream and Integrated Gas
- Downstream
- Trading and Supply
- Other support activities
Shell has been present in Italy since 1912. In 2020, Shell’s upstream activities included interests in the Val d’Agri and Tempa Rossa oil fields located in Basilicata. Shell’s downstream operations included the production and sale of lubricants and the sale of natural gas and electricity.
Country Financial Analysis
The statutory corporate income tax rate in Italy is 28%.
Shell made a loss in 2020 due to a significant drop in demand and prices as a result of the COVID-19 pandemic. We pay tax in arrears and therefore the 2020 tax paid figure includes taxes paid on 2019 profits.
Our Payments to Governments Report for 2020 also shows that Shell paid around $68 million in royalties.
