Skip to main content


231 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 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.

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
Royalties are generally payment due for the use of an asset. Mineral royalties are payments to governments or other owners for the rights to extract oil and gas resources, typically at a set percentage of revenue less any deductions that may be taken. See Trademark royalties.
View complete glossary