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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 Norway since 1912. The main activity of A/S Norske Shell is the exploration and production of oil and gas on the Norwegian continental shelf. Shell operates one field in Norway: Ormen Lange (Shell interest 17.8%). In 2022, the Shell-operated Knarr field (Shell interest 45%) reached the end of its life and is now being decommissioned. Norske Shell's production consists almost exclusively of natural gas from Ormen Lange and the Equinor-operated Troll field (Shell interest 8.1%). Together, these two fields produce more than 40% of Norway's total gas exports. Norske Shell is a partner in the Northern Lights carbon capture and storage project and is active in offshore wind power and hydrogen.

Country financial analysis

The statutory corporate income tax rate in Norway is 22%. In addition, there is a tax on the production and transport of petroleum from the Norwegian continental shelf. Up to and including 2021, the rate of this additional petroleum tax was 56%, taking the total tax rate in Norway to 78%. From January 1, 2022, the additional petroleum tax was increased to 71.8%. However, corporate income tax paid (at 22%) is now deductible against this additional tax. Although the petroleum tax rate was increased, the deductible portion means that the effective tax rate for the additional petroleum tax remains at 56%.

Taxes are paid in instalments, with half due within the year in which income arises and the other half and final assessment in the year thereafter. The corporate income tax paid figure in the table includes petroleum tax payments for 2021 and 2022. The increase in revenues reflects the considerably higher global energy prices in 2022. Our Payments to Governments Report for 2022 shows that Shell paid around $5.6 billion in production entitlements and fees.

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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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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