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$ billion, except where indicated

2021

2020

2019

2018

Key figures

Total revenue and other income

272.7

183.2

352.1

396.6

Total expenditure

242.8

210.2

326.6

360.9

Profit before corporate income tax

29.8

(27.0)

25.5

35.6

Corporate income tax paid

6.0 [A]

3.4 [B]

7.8

10.1

Taxation charge

9.2

(5.4)

9.1

11.7

Effective tax rate (%)

30.8

20.1

35.5

32.9

Taxes paid and collected

Corporate income taxes

6.0 [A]

3.4 [B]

7.8

10.1

Royalties

6.6

3.5

5.9

5.8

Excise duties, sales taxes and similar levies

46.1

40.4

47.6

48.2

Other payments to governments

Production entitlements

10.5

7.0

10.3

14.3

Bonuses

0.1486

0.016

0.3

0.9

Fees

2.1

1.2

1.9

2.7

Income taxes paid by region ($ million)

Europe

1,006

690

1,812

2,103

Middle East

3,291 [C]

1,651 [D]

3,784 [E]

4,434 [F]

Americas

15

22

363

520

Africa

714

551

1,044

1,538

Asia-Pacific

949

524

1,066

1,842

Our payments to governments – Upstream

Taxes

4.8

2.8

7.0

8.2

Royalties

3.3

2.2

3.2

3.3

Production entitlements

10.5

7.0

10.3

14.3

Bonuses and fees

2.3

1.2

2.2

3.6

[A]	In 2021, we paid $5.7 billion of corporate income taxes and accrued $279 million of withholding taxes. This gives a total of $6 billion in income taxes and withholding taxes as reported in our country-by-country report.
[B]	This figure includes $132 million of accrued withholding taxes on dividend, interest and royalty payments to Shell entities. It does not include withholding taxes collected by Shell on dividends paid to shareholders.
[C]	As for Quatar, Source: 2021 Payments to Governments Report
[D]	As for Quatar, Source: 2020 Payments to Governments Report
[E]	As for Quatar, Source: 2019 Payments to Governments Report
[F]	As for Quatar, Source: 2018 Payments to Governments Report