Poland
4,639 Employees
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Third-party revenues
$857,438,134
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Related-party revenues
$268,754,589
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Total revenues
$1,126,192,723
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Profit before tax
$64,893,588
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Tax paid
$14,920,056
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Tax accrued
$10,253,395
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Tangible assets
$605,861,654
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Stated capital
$485,117,768
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Accumulated earnings
$55,506,482
Main Business Activities
- Downstream
- Other support activities
Shell Polska Sp. z o.o. was established in 1992. Shell operates around 430 retail sites in Poland, offers a wide range of oils and lubricants for transport and industry, as well as fleet solutions and services for transport. The company also runs Shell Business Operations (SBO) at its branch in Krakow. SBO employees provide Group companies with financial, logistic, procurement, human resources and customer services support. In 2020, a new legal entity was established called Shell Mobility Polska Sp. z o.o. to sell convenience products at Shell retail sites. During 2012-2020, Shell Polska invested more than $515 million in Poland.
Shell Energy Retail Poland Sp. z o.o. provides customer service and IT support for Shell’s energy operating companies in the UK and Germany.
Country Financial Analysis
The statutory corporate income tax rate in Poland is 19%.
Lower revenues from third parties were mainly due to a decrease in volumes of fuel sold and a reduced retail fuel price because of the COVID-19 pandemic. However, profits increased because of lower operational costs and a higher average profit margin compared with 2019.
Tax paid includes corporate income tax paid on profits from 2019, as well as a prepayment of income tax for taxable profits arising in 2020. The SBO centre operates in a special economic zone which provides a partial tax exemption from corporate income taxes.
