Colombia
Employees
10
-
Third-party revenues
$2,272,361
-
Related-party revenues
$2,456,409
-
Total revenues
$4,728,770
-
Profit before tax
$(27,133,319)
-
Corporate income tax paid
$0
-
Corporate income tax accrued
$0
-
Stated capital
$21,698,889
-
Accumulated earnings
$(83,467,178)
-
Tangible assets
$155,459,469
-
Other payments to governments
$558,570
Shell's footprint
Shell has been active in Colombia since 1956. Our upstream activities comprise a 50% interest in three deep-water blocks that we operate, and a 60% interest in two other deep-water blocks where Chevron is the operator.
Country financial analysis
The statutory corporate income tax rate in Colombia was raised to 35% in January 2022 from 31% in 2021. We are investing in our upstream business in Colombia and incurring costs in relation to the drilling of the Gorgon well. As a result, we have reported a loss and no corporate income tax was accrued. Our Payments to Governments Report for 2022 shows that Shell paid $558,570 in fees in 2022.
Read more in Payments to Governments Report(shell.com/payments-to-governments).
