Russia

Employees

249

• Third-party revenues

  $740,698,948

• Related-party revenues

  $2,071,274,780

• Total revenues

  $2,811,973,728

• Profit before tax

  $(956,288,544)

• Corporate income tax paid

  $36,810,607

• Corporate income tax accrued

  $50,528,552

• Stated capital

  $358,144,154

• Accumulated earnings

  $(69,817,457)

• Tangible assets

  $13,220,370

• Other payments to governments

  –

Shell's footprint

Following the invasion of Ukraine by Russia, Shell announced its intent to withdraw from involvement in all Russian hydrocarbons, including crude oil, petroleum products, gas and LNG in a phased manner, aligned with government guidance. The withdrawal from Russian oil and gas activities in 2022 is described in Note 6 to the Consolidated Financial Statements for the year ended December 31, 2022, presented in the Annual Report and Accounts and Form 20-F for that year and as updated in disclosures set out in the first quarter 2023 results announcement.

The numbers in the table above include Shell's 50% interest in Salym Petroleum Development N.V., a joint operation with GazpromNeft. In July 2022, the Shell directors of Salym resigned. Shell lost joint control early in the third quarter 2022 and from then Salym was accounted for as a financial asset at fair value, with a carrying value of zero. As a result of the loss of joint control, Shell no longer has access to data for the Salym project. For 2022, we applied the same ratio for allocating the numbers of Salym Petroleum Development N.V. between the Netherlands and Russia that we used in 2021. Shell completed the sale of its interest in the Salym project to GazpromNeft in March 2023.

The accrued 2022 corporate income tax largely relates to assets that have now been divested. Any corporate income tax liability related to these assets was transferred to the buyers of these assets and will therefore not be settled by Shell.