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9 Employees

  • Third-party revenues


  • Related-party revenues


  • Total revenues


  • Profit before tax


  • Tax paid


  • Tax accrued


  • Tangible assets


  • Stated capital


  • Accumulated earnings


Main business activities

  • Upstream
  • Integrated Gas
  • Other support activities

Shell’s footprint

Shell has been active in Colombia since 1956. Today, Shell’s upstream activities include six deep-water blocks. Five are active and one block is being liquidated.

Shell is also liquidating its trading and downstream businesses in Colombia. Trading ceased operations in March 2018 and the downstream business ceased operations in December 2019.

Country financial analysis

The statutory corporate income tax rate in Colombia was 31% in 2021. The statutory corporate income tax rate was raised to 35% in January 2022.

We are investing in our upstream business in Colombia and therefore incurring costs. As a result, we have reported a loss and no corporate income tax is owed.

Corporate income tax
This is a direct tax imposed on companies’ profits. It is sometimes levied at a national level but can also be levied on a state or local basis.
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