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345 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
  • Downstream
  • Trading and Supply
  • Other support activities

Shell’s footprint

Shell’s presence in Indonesia goes back more than 100 years to when the discovery of crude oil in Sumatra led to the formation of Royal Dutch Petroleum Company.

Shell has upstream and downstream activities in Indonesia. Shell’s downstream activities include the marketing of fuels, lubricants and bitumen. In its upstream activities, Shell is a partner of Inpex which operates the Masela production-sharing contract, including the Abadi gas fields. Shell has a 35% interest in the project.

Country financial analysis

The statutory corporate income tax rate in Indonesia is 22%. In 2021, revenues rose as a result of higher prices and were mostly made in the Downstream business. Upstream activities are in the exploration phase and therefore did not make a profit. Shell in Indonesia reported a loss for 2021 as a result of an impairment in the value of Shell’s interest in the Masela production-sharing contract.

The tax credit figure includes tax refunds for 2016 and 2019 received in 2021. The tax accrued figure represents a prepayment of corporate income tax for 2021. However, as taxable income will be offset by losses, any prepayment is expected to be refunded by the tax authority.

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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Corporate income tax payment regimes differ. Many tax regimes require payments to be made in instalments. These may be due before the final tax liability is known or agreed.
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Production-sharing contracts or concessions
A production-sharing contract (PSC) is a contractual arrangement between the holders of a resource, typically a country’s government, and a resource extraction company concerning how much oil or gas each party would receive. The company bears the mineral and financial risk of the initiative. It explores, develops and, if successful, manages production. Costs are recovered through the sales of oil or gas and what is left over is split depending on the terms of the contract.
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Tax authority
Also known as a revenue agency. This is the body responsible for administering the tax laws of a particular country or regional or local authority.
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