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United States of America

15,350 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
  • Downstream
  • Renewables and Energy Solutions
  • Trading and Supply

Shell’s footprint

Shell has been present in the USA for more than 100 years. Shell’s primary exploration and production area is the Gulf of Mexico. We have a refinery in Louisiana, and chemical facilities in Pennsylvania, Louisiana and Texas. In 2022, Shell completed the sale of its refinery in Alabama. Our trading organisation buys and sells more than 5 million barrels of hydrocarbons and 10.5 billion cubic feet of natural gas every day. It also manages more than 10,000 gigawatts of power generation capacity, with a third coming from renewable sources. There are more than 13,000 Shell-branded retail sites in the USA and 2,100 Jiffy Lube locations. Shell is also investing in renewable and new energy solutions. We have eight light-duty hydrogen fuelling stations in California, with another under construction.

Country financial analysis

The federal statutory corporate income tax rate in the USA is 21%. The tax figure in 2021 includes the corporate income taxes paid to both the US federal and state governments which may relate to more than one tax-paying year. Operating losses incurred in previous years have been offset against earnings and this has resulted in a lower tax figure. These losses were the result of many factors, including investments in upstream, manufacturing and chemical businesses, which did not generate the profitability expected, as a result of low oil and gas prices. Our Payments to Governments Report for 2021 shows that Shell paid around $958.9 million in royalties and fees.

Read more in Special topics and Our business.

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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Fees and other sums paid as consideration for acquiring a licence for gaining access to an area where extractive activities are performed. Administrative government fees that are not specifically related to the extractive sector, or to access to extractive resources, are excluded. Also excluded are payments made in return for services provided by a government.
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Royalties are generally payment due for the use of an asset. Mineral royalties are payments to governments or other owners for the rights to extract oil and gas resources, typically at a set percentage of revenue less any deductions that may be taken. See Trademark royalties.
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