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262 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 has been present in Italy since 1912. In 2021, Shell’s upstream activities include interests in the Val d’Agri and Tempa Rossa oil fields located in Basilicata. Shell’s downstream operations include the production and sale of lubricants and the sale of natural gas and electricity.

Country financial analysis

The statutory corporate income tax rate in Italy is 28%. Profit before tax was hit by impairments which are non-deductible for local tax purposes. Most of the tax on 2021 profits was paid in 2022. Arrears due to be paid in 2021 – calculated on previous year’s tax charge – were limited as a result of the loss made by Shell in 2020. Our Payments to Governments Report for 2021 shows that Shell paid around $55.8 million in royalties and fees.

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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Profit before tax
These are profits after the deduction of operating costs but before the deduction of tax. This number forms the basis on which we apply local tax laws and then pay corporate income tax.
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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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Tax charge
The aggregate of current tax and deferred tax included in the determination of profit or loss for the period in our Annual Report and Accounts.
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