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Shell online reporting suite 2022

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Malaysia

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Employees

4,708

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Total tax contribution

$556,378,403

Taxes borne

$458,878,007

Taxes collected

$97,500,396

  • Third-party revenues

    $9,548,304,029

  • Related-party revenues

    $2,624,975,893

  • Total revenues

    $12,173,279,922

  • Profit before tax

    $1,233,378,978

  • Corporate income tax paid

    $454,906,691

  • Corporate income tax accrued

    $512,856,079

  • Stated capital

    $1,004,133,066

  • Accumulated earnings

    $2,266,268,487

  • Tangible assets

    $3,288,569,108

  • Other payments to governments

    $4,083,035,475

Shell's footprint

Shell has been present in Malaysia since 1891 and is active in the upstream and downstream sectors. Shell has several production-sharing contracts for oil and gas production off the coast of Sarawak and Sabah. Downstream operates around 1,000 retail sites in the country. Shell MDS (Malaysia) Sendirian Berhad (Shell MDS) converts natural gas into gas-to-liquids products. Shell MDS produces a wide range of high-quality waxes, speciality chemicals and drilling fluids, which are sold in more than 50 countries. Shell has a Business Operations Centre in Kuala Lumpur which provides support services to other Shell companies.

Country financial analysis

Shell pays petroleum income tax of 38% for upstream activities and 24% for remaining support services. Revenues and profits increased in 2022 as a result of higher oil and gas prices and rising demand. Our Payments to Governments Report for 2022 shows that Shell paid around $4 billion in production entitlements, royalties and fees.

Read more in Total tax contribution, in Payments to Governments Report(shell.com/payments-to-governments) and in Country-specific incentives.

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Total tax contribution

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Country
Throughout this report, “country” is used as the primary descriptor for a geographical area because that is the word used by the OECD/G20 base erosion and profit shifting project in their proposal for country-by-country reporting. This is one of the four minimum reporting standards to which around 135 countries have committed, covering the tax residence jurisdictions of nearly all large multinational enterprises. In this report “country” may also refer to locations, jurisdictions or territories which have their own tax regimes or discrete rules.
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Fees
Fees and other sums paid as consideration for acquiring a licence for gaining access to an area where extractive activities are performed. Administrative government fees that are not specifically related to the extractive sector, or to access to extractive resources, are excluded from this report. Also excluded are payments made in return for services provided by a government.
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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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Royalties
Royalties are generally payments due for the use of an asset. Mineral royalties are payments to governments or other owners for the rights to extract oil and gas resources, typically at a set percentage of revenue less any deductions that may be taken. See Trademark royalties.
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