Saudi Arabia
16 Employees
-
Third-party revenues
$0
-
Related-party revenues
$4,388,102
-
Total revenues
$4,388,102
-
Profit before tax
$(25)
-
Tax paid
$3,777,025
-
Tax accrued
$0
-
Tangible assets
$234,074
-
Stated capital
$399,861
-
Accumulated earnings
$0
Main Business Activities
- Downstream
Shell has been present in Saudi Arabia for more than 70 years. Our current activities include the marketing of lubricants through Al Jomaih and Shell Lubricating Oil Co. Ltd. (JOSLOC) and new business development activities through Shell Overseas Services Limited.
Country Financial Analysis
The statutory corporate income tax rate in Saudi Arabia is 20%. In 2019, Shell sold its 50% interest in Saudi Aramco Shell Refinery Company to Saudi Aramco and this is the main reason for the decrease in all financial numbers. Tax paid in 2020 includes prior-year tax obligations.
