Profit before tax
Main business activities
- Trading and Supply
Shell has been active in Spain since 1920 and was the first foreign energy company established there. A network of Shell-branded retail sites operates across the country. These are owned and operated by third parties. Shell owns and operates a lubricants blending plant located in Tarragona. The plant supplies the Iberian market, North Africa and several Mediterranean countries.
Country financial analysis
The general statutory corporate income tax rate in Spain is 25%. Shell entities in Spain form a tax group where the dominant entity is Shell España, S.A. The tax paid figure reflects losses carried forward from prior years and we have used tax credits to reduce the tax liability. No tax was paid or accrued during 2020 as a result of a tax deduction claimed for costs that had been accounted for in previous years.