Profit before tax
Main business activities
- Integrated Gas
- Other support activities
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.