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2,510 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
  • Renewables and Energy Solutions

Shell’s footprint

Shell began operations in Australia in 1901. Shell has invested heavily in its Australian portfolio, which spans onshore and offshore natural gas and liquefied natural gas (LNG) exploration and development projects, power retailing, gas and solar power generation and trading, solar and onshore wind development, battery storage and carbon farming and abatement activities. Shell in Australia is comprised of two corporate income tax groups: Shell Energy Holdings Australia Limited and QGC Upstream Holdings Pty Ltd.

Country financial analysis

The statutory corporate income tax rate in Australia is 30%. Shell’s 2021 revenue rose largely because of higher prices and predominantly derived from sales of LNG, condensate, liquefied petroleum gas, domestic gas and power. The Shell Energy Holdings and QGC tax groups had lower taxable income than accounting profit after using capital allowances, carry-forward losses and incentive credits (for research and development, for example). The tax paid figure for 2021 includes payments relating to previous years. Our Payments to Governments Report for 2021 shows that Shell also paid around $276 million in royalties, fees and infrastructure improvements.

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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This represents the total income earned by a company. It includes income from customers or other group companies and income received as royalties and interest income.
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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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