United States of America

Employees

16,238

Total tax contribution

$5,026,673,577

Taxes borne

$350,231,076

Taxes collected

$4,676,442,501

• Third-party revenues

  $88,476,913,083

• Related-party revenues

  $100,602,193,932

• Total revenues

  $189,079,107,016

• Profit before tax

  $7,076,419,280

• Corporate income tax paid

  $171,446,962

• Corporate income tax accrued

  $107,313,079

• Stated capital

  $344,936,887,221

• Accumulated earnings

  $1,752,334,417

• Tangible assets

  $56,203,512,354

• Other payments to governments

  $1,461,717,942

Shell's footprint

Shell has been present in the USA for more than 100 years. Shell's primary exploration and production area is the Gulf of Mexico. We have a refinery in Louisiana, and chemical facilities in Pennsylvania, Louisiana and Texas. Shell Trading (US) Company trades crude oil, refined products, low-carbon fuels, chemical feedstocks, natural gas, liquified natural gas, power, environmental products, biofuels and freight. Shell Energy North America (US), L.P. consistently ranks as one of North America's top three gas and power marketers, selling 8.5 billion cubic feet of natural gas every day and managing 13 gigawatts of power generation of which 37% is from renewable sources. There are more than 13,000 Shell-branded fuel stations in the USA and 2,000 Jiffy Lube locations. Shell is also investing in renewable and new energy solutions.

Country financial analysis

The federal statutory corporate income tax rate in the USA is 21%. The corporate income tax paid figure in 2022 includes taxes paid to both the US federal and state governments which may relate to more than one year. Operating losses incurred in previous years were offset against earnings, which resulted in a lower corporate income tax paid figure. Prior year losses were the result of many factors, including investments in our upstream, manufacturing and chemical businesses, which did not generate the profits expected as a result of lower oil and gas prices. We expect a refund of around three-quarters of the corporate income tax we paid in 2022. Our Payments to Governments Report for 2022 shows that Shell paid around $1.5 billion in royalties and fees.