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Total tax contribution


Taxes borne


Taxes collected


  • Third-party revenues


  • Related-party revenues


  • Total revenues


  • Profit before tax


  • Corporate income tax paid


  • Corporate income tax accrued


  • Stated capital


  • Accumulated earnings


  • Tangible assets


  • Other payments to governments

Shell's footprint

Shell has been present in India for almost 30 years, mostly in downstream activities through Shell India Markets Private Limited. In 2008, Shell started its Business Operations and Projects & Technology organisations. Hazira Port Private Limited and Shell Energy India Private Limited (both wholly owned by Shell) are engaged in integrated gas and trading and supply activities. Shell in India also has interests in companies operating in downstream, solar power, electric vehicle charging and biofuels. In 2019, the 25-year production-sharing contract between Shell's BG Exploration and Production India Limited (BGEPIL) and the Government of India ended. BGEPIL is now decommissioning its production facility.

In 2022, Shell acquired Solenergi Power Private Limited, Mauritius, and with it, the Sprng Energy group of companies. Sprng Energy Private Limited is a leading renewable energy platform in India which develops and manages solar and wind power facilities and infrastructure.

Country financial analysis

The statutory corporate income tax rate for domestic entities in India is between 25% and 30%, depending on the type of business activity, profits and whether tax exemptions and deductions offered by India are claimed. The effective tax rate for foreign entities, such as BGEPIL, is 43.68%. Corporate income tax paid during the year relates to profits arising from business activities, including services rendered through Shell Business Operations and the Projects & Technology organisation. Shell claims a tax exemption for its Shell Business Operations information technology activities as they are located in a special economic zone.

Read more in Total tax contribution and in Payments to Governments Report(

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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Corporate income tax paid
This comprises corporate income tax paid in 2022, as recorded in Shell's Consolidated Statement of Cash Flows, and includes accrued withholding taxes on dividend, interest and royalty payments to Shell entities. In some cases, this may include payments made in relation to previous years or future years as tax payments are often made in arrears or in advance. It does not include withholding taxes collected by Shell on dividends paid to shareholders. Nor does it include corporate income tax paid by non-consolidated joint ventures and associates.
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Effective tax rate (ETR)
This is the ratio of tax compared with the profits in the financial statements.
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Production-sharing contracts or concessions
A production-sharing contract is a contractual arrangement between the holders of a resource, typically a country’s government, and a resource extraction company, concerning how much oil or gas each party would receive. The company bears the mineral and financial risk of the initiative. It explores, develops and, if successful, manages production. Costs are recovered through the sale of oil or gas and what is left over is split depending on the terms of the contract.
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