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445 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

  • Integrated Gas
  • Downstream
  • Trading and Supply

Shell’s footprint

The Shell Company of Thailand Ltd was established 130 years ago and its activities include downstream and integrated gas. Shell is strengthening its non-fuel retail businesses in Thailand and expanding retail sites across the country. In addition, the current focus area is also entry into LNG supply and cleaner energy.

Country financial analysis

Thailand has three different types of taxes: 20% corporate income tax on taxable profits, 10% branch profit remittance tax and a 50% petroleum income tax for integrated gas entities. Profit arising in 2021 is mostly from the Downstream business.

A branch is an office or business presence in a location other than where the corporate entity is established.
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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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Throughout this report, “country” is used as the primary descriptor for a geographical area because that is the word used by the OECD/G20 Base Erosion and Profit Shifting (BEPS) project in their proposal for country-by-country reporting (CbCR). This is one of the four minimum reporting standards to which over 100 countries have committed, covering the tax residence jurisdictions of nearly all large multinational enterprises (MNEs). In this report “country” may also refer to locations, jurisdictions or territories which have their own tax regimes or discrete rules.
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