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Payments overview

Key figures in 2021

  • icon money coins and folders (icon)

    Total revenue and other income

    $272.7 billion

  • icon three yellow barrels (icon)

    Total expenditure

    $242.8 billion

  • icon yellow chart (icon)

    Profit before corporate income tax

    $29.8 billion

  • icon two people standing next to a building (icon)

    Corporate income tax paid [A]

    $6 billion

  • icon world map (icon)

    Taxation charge

    $9.2 billion

  • icon shaking hands (icon)

    Effective tax rate

    30.8%
    OECD average corporate income tax rate
    23.1%

[A] In 2021, we paid $5.7 billion of corporate income taxes and accrued $279 million of withholding taxes. This gives a total of $6 billion in income taxes and withholding taxes as reported in our country-by-country report. For more details, see the chapter on Our tax data.

Overview of tax and other payments to governments

(US dollars)

Corporate income taxes [A]$6 billion Royalties$6.6 billion Excise duties, sales taxesand similar levies$46.1 billion b Other payments to governments$12.8 billion Production entitlements$10.5 billion Bonuses$148.6 million Fees$2.1 billion a Taxes paid and collected $58.7 billion $12.8 billion b $58.7 billion a Corporate income taxes [A]$6 billion Royalties$6.6 billion Excise duties, sales taxesand similar levies$46.1 billion b Other payments to governments$12.8 billion Production entitlements$10.5 billion Bonuses$148.6 million Fees$2.1 billion a Taxes paid and collected $58.7 billion $12.8 billion b $58.7 billion a
[A] In 2021, we paid $5.7 billion of corporate income taxes and accrued $279 million of withholding taxes. This gives a total of $6 billion in income taxes and withholding taxes as reported in our country-by-country report. For more details, see the chapter on Our tax data.