Turkey
627 Employees
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Third-party revenues
$5,588,495,120
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Related-party revenues
$516,443,091
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Total revenues
$6,104,938,211
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Profit before tax
$69,743,442
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Tax paid
$26,602,032
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Tax accrued
$36,356,068
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Tangible assets
$559,742,745
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Stated capital
$296,214,223
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Accumulated earnings
$342,344,795
Main business activities
- Downstream
- Trading and Supply
- Upstream
Shell’s footprint
Shell has been present in Turkey since 1923. In 2006, Shell established Shell & Turcas Petrol A.S. (Shell interest 70%) with local distribution company Turcas to expand Shell’s branded retail network. Shell & Turcas Petrol A.S. has a network of over 1,000 retail sites and is active in lubricants, fleet solutions and commercial fuels. Shell also has a lubricants and grease production plant in Derince. Shell’s activities in Turkey also include chemicals, aviation, marine, gas and power. In 2011, Shell started upstream activities in partnership with the national oil company Turkish Petroleum.
Country financial analysis
The statutory corporate income tax rate in Turkey is 25%.
In 2021, Shell in Turkey recorded an overall profit. While some entities reported losses, these are not offset against overall profits. Tax is paid on entities showing profit in their local financial statements. These include entities active in mobility, trading and supply, lubricants and chemicals.
