Indonesia

Employees

513

Total tax contribution

$45,598,486

Taxes borne

$2,806,683

Taxes collected

$42,791,803

• Third-party revenues

  $756,285,197

• Related-party revenues

  $257,780,705

• Total revenues

  $1,014,065,902

• Profit before tax

  $(6,190,776)

• Corporate income tax paid

  $1,688,821

• Corporate income tax accrued

  $815,948

• Stated capital

  $1,041,618,542

• Accumulated earnings

  $(215,007,436)

• Tangible assets

  $743,346,037

• Other payments to governments

  –

Shell's footprint

Shell's presence in Indonesia goes back more than 100 years to when the discovery of crude oil in Sumatra led to the formation of Royal Dutch Petroleum Company. In 2022, Shell had upstream and downstream activities in Indonesia. Shell's downstream activities include the marketing of fuels, lubricants and bitumen. In its upstream activities, Shell was a partner of INPEX which operates the Masela production-sharing contract, including the Abadi gas fields. In 2023, Shell completed the sale of its 35% interest in the project.

Country financial analysis

The statutory corporate income tax rate in Indonesia is 22%. In 2022, Shell's revenues rose as a result of higher oil and gas prices and increases in demand, and were generated mostly by the downstream business. Our upstream activities are in the exploration phase and therefore did not make a profit. Shell in Indonesia reported a loss for 2022. Corporate income tax paid in 2022 relates to a prepayment made in 2022 and a tax refund for 2019 received in 2022. The corporate income tax accrued figure represents net corporate income tax payable accrued for 2022.