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466 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
  • Trading and Supply
  • Other support activities

Shell’s footprint

Shell has been present in Oman since the 1930s and is active in exploration, production, trading and retail. Shell has a 34% interest in the Block 6 concession which accounts for 65% of the country’s crude oil production. Shell also has a 50% interest in an onshore exploration licence and a 100% interest in a concession area to undertake the exploration and production of oil and gas. Shell has a 49% interest in Shell Oman Marketing Company SAOG (SOM), which provides services and sells a wide range of Shell automotive, aviation and marine products, including fuels, lubricants and greases. SOM has more than 200 Shell retail sites in Oman. Sohar Solar Qabas (FZC) LLC represents Shell’s investment in the solar energy sector in Oman. In addition, Shell holds a 30% interest in Oman Liquefied Natural Gas LLC (OLNG), which operates two LNG trains and processes natural gas into LNG.

Country financial analysis

The statutory corporate income tax rate in Oman is 15% unless individual concession arrangements with the government set higher tax rates for upstream projects. Profit is made predominantly from the upstream business and the effective tax rate for Shell is 83.75%, reflecting the concession arrangements with the government. Our Payments to Governments Report for 2021 shows that Shell paid $400,000 in 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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Effective tax rate (ETR)
This is the ratio of tax compared with the profits in the financial statements. See Businesses and tax for an illustration.
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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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