Profit before tax
Main Business Activities
- Trading and Supply
- Other support activities
Shell has been active in Switzerland for more than 100 years. Shell markets fuels and operates a large network of retail sites. Shell’s activities also include the production of lubricants and the sale of bitumen and aviation fuels. Shell conducts financial and insurance activities, and trademark management and licensing services.
In 2020, we stopped providing funding to Group operating companies and also substantially reduced the hedging of currency exposures from Switzerland.
Country Financial Analysis
In the Canton of Zug, where Shell is based, the combined regional and federal tax rate was around 12% for 2020.
The reduced related-party revenues in 2020 compared with 2019 were mainly due to the discontinuation of funding to Group operating companies at the end of 2019.
Profit in 2020 included insurance premiums, trademark licences, currency exchange rate movements and downstream activities. As a result of currency movements, significant exchange differences may arise in Switzerland and can contribute to volatility in the results.