United States of America
15,350 Employees
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Third-party revenues
$83,312,781,992
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Related-party revenues
$86,193,840,345
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Total revenues
$169,506,622,337
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Profit before tax
$6,355,978,257
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Tax paid
$(35,602,042)
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Tax accrued
$114,433,525
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Tangible assets
$55,729,679,451
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Stated capital
$322,572,012,669
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Accumulated earnings
$(3,816,354,371)
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.
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