Cayman Islands
Employees
0
-
Third-party revenues
$0
-
Related-party revenues
$261,809
-
Total revenues
$261,809
-
Profit before tax
$(106,141)
-
Corporate income tax paid
$0
-
Corporate income tax accrued
$0
-
Stated capital
$80,371,113
-
Accumulated earnings
$(173,269,648)
-
Tangible assets
$0
-
Other payments to governments
–
Shell's footprint
Shell has holding companies in the Cayman Islands. Shell acquired BG Exploration and Production India Limited (BGEPIL) when it acquired BG Group in 2016. BGEPIL is incorporated in the Cayman Islands and has a branch in India. Income earned by BGEPIL's branch in India is subject to tax in India. BGEPIL's exploration and production activities in India ended in December 2019 and it is now carrying out decommissioning activities.
Country financial analysis
The Cayman Islands does not apply a corporate income tax. The companies that remain incorporated in the Cayman Islands pay taxes where their activities take place. The revenues in 2022 arose in part from the sale of a retirement savings plan.
