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Our approach to tax

When we invest in a country or location, we seek to build long-term relationships and develop our business sustainably. We recognise our responsibility towards investors, governments, employees and the local communities we are part of. The taxes we collect and pay are one of the ways in which we fulfil this responsibility.

Our tax strategy is designed to support Shell in delivering our Powering Progress strategy. We provide our support through our commitment to compliance, transparency and open dialogue with our stakeholders, from governments to civil society. Our strategy and actions reflect our Shell values and principles.

Our approach to tax

Our strategy

Powering Progress

Our strategy to accelerate the transition to net-zero emissions, purposefully and profitably

  • 1 of 4

    Generating Shareholder Value

    Growing value through a dynamic portfolio and disciplined capital allocation

  • 2 of 4

    Achieving Net-Zero Emissions

    Working with our customers and sectors to accelerate the energy transition to net-zero emissions

  • 3 of 4

    Respecting Nature

    Protecting the environment, reducing waste and making a positive contribution to biodiversity

  • 4 of 4

    Powering Lives

    Powering lives through our products and activities, and supporting an inclusive society

Underpinned by our core values
and our focus on safety

Our tax strategy is designed to support Shell in delivering its Powering Progress strategy
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Shell is committed to tax compliance

  • We have a tax presence in 99 countries and locations
  • We file around 42,000 tax returns annually
  • We seek to protect the interests of our investors by managing our tax affairs in a sustainable way
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Shell is transparent on tax matters

  • We publish our global approach to tax and the taxes we pay by country or location
  • We publish payments on our extractive activities by project
  • We seek to provide tax authorities with timely and comprehensive information on potential tax issues
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Shell is open to dialogue

  • We engage with society on tax matters
  • We promote co-operative compliance relationships
  • We give constructive input to industry groups and international organisations

The Board of Directors of Shell plc approves our tax strategy, regularly reviews its effectiveness and maintains a sound system of risk management and internal control. The Executive Vice President Taxation and Controller is responsible for tax matters and provides assurance based on our tax control framework.

The Audit Committee assists the Board in maintaining a sound system of risk management and internal control and oversight over Shell’s financial reporting. A variety of standing matters and more specific topics are discussed by the Audit Committee throughout the year. Annually, the Board conducts a review, to its satisfaction, of the effectiveness of Shell’s system of risk management and internal controls which includes financial, operational and compliance controls, including tax controls.

Throughout this report, “country” is used as the primary descriptor for a geographical area because that is the word used by the OECD/G20 Base Erosion and Profit Shifting (BEPS) project in their proposal for country-by-country reporting (CbCR). This is one of the four minimum reporting standards to which over 100 countries have committed, covering the tax residence jurisdictions of nearly all large multinational enterprises (MNEs). In this report “country” may also refer to locations, jurisdictions or territories which have their own tax regimes or discrete rules.
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