Russia
539 Employees
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Third-party revenues
$2,500,005,795
-
Related-party revenues
$1,708,444,535
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Total revenues
$4,208,450,330
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Profit before tax
$246,048,426
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Tax paid
$68,265,466
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Tax accrued
$53,452,774
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Tangible assets
$1,247,344,540
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Stated capital
$296,346,221
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Accumulated earnings
$326,298,656
Main business activities
- Upstream
- Integrated Gas
- Downstream
- Trading and Supply
- Other support activities
Shell’s footprint
Shell has been present in Russia since 1892 but left in 1918 when activities were nationalised, returning in 1983 to open a representative office. Shell started a lubricants business in Russia in 1992 and has been active in exploration and production, oil and gas transportation and marketing. In 2021, there were more than 400 Shell-branded retail sites in Russia and Shell has previously provided technical and advisory services to Russian companies. In March 2022, Shell plc announced its intent to withdraw from its involvement in all Russian hydrocarbons, including crude oil, petroleum products, gas and liquefied natural gas (LNG) in a phased manner, aligned with new government guidance.
Read more about Shell’s actions in support of global economic measures against Russia.
Country financial analysis
The statutory corporate income tax rate in Russia is 20%. The tax paid figure represents corporate income tax paid primarily by wholly owned Shell companies involved in downstream and trading activities. All the numbers provided are as at December 31, 2021 and therefore reflect the period before the decisions taken by Shell in 2022 with regard to its Russian businesses.
