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0 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

  • Downstream
  • Upstream
  • Integrated Gas

Shell’s footprint

Shell has been present in Ukraine since 2006. In 2015, Shell ceased its exploration activities in Ukraine and in 2021 ended all upstream activities. Shell has downstream activities through the Cicerone Holding B.V. joint venture (Shell interest 51%). The joint venture operates 132 retail sites in Ukraine. This downstream retail joint venture pays taxes locally and has around 1,500 employees. Joint venture staff are not included in the table under CbCR rules.

Country financial analysis

The statutory corporate income tax rate in Ukraine is 18%. The profit and the tax on the downstream activities of the joint venture companies are not included in our country-by-country (CbCR) report for Ukraine because the accounting principles of the joint ventures are based on equity accounting. In line with CbCR reporting requirements, these numbers are reported in the shareholder locations. The numbers reflected in the table are for companies that are in the process of being liquidated. 

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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