Go to Shell Global Reporting hub

Chart generator

Turn the accessible view on Turn the accessible view off

Download table (XLS, 15 kB)

$ billion, except where indicated

2022

2021

2020

2019

2018

Key figures

Total revenue and other income

386.2

272.7

183.2

352.1

396.6

Total expenditure

321.4

242.8

210.2

326.6

360.9

Profit before corporate income tax

64.8

29.8

(27.0)

25.5

35.6

Corporate income tax paid

13.4 [A]

6.0 [B]

3.4 [C]

7.8

10.1

Taxation charge

21.9

9.2

(5.4)

9.1

11.7

Effective tax rate (%)

33.8

30.8

20.1

35.5

32.9

Taxes paid and collected

Corporate income taxes

13.4 [A]

6.0 [B]

3.4 [C]

7.8

10.1

Royalties

8.2 [D]

6.6

3.5

5.9

5.8

Excise duties, sales taxes and similar levies

46.6 [E]

46.1

40.4

47.6

48.2

Other payments to governments

Production entitlements

15.1

10.5

7.0

10.3

14.3

Bonuses

0.22

0.15

0.02

0.3

0.9

Fees

2.6

2.1

1.2

1.9

2.7

Income taxes paid by region ($ million)

Africa

1,201

714

551

1,044

1,538

Americas

1,271

15

22

363

520

Asia-Pacific

1,164

949

524

1,066

1,842

Europe

3,051

1,006

690

1,812

2,103

Middle East

6,752 [F]

3,291 [G]

1,651 [H]

3,784 [I]

4,434 [J]

Our payments to governments – Upstream

Taxes

11.3

4.8

2.8

7.0

8.2

Royalties

5.1

3.3

2.2

3.2

3.3

Production entitlements

15.1

10.5

7.0

10.3

14.3

Bonuses and fees

2.8

2.3

1.2

2.2

3.6

[A]	In 2022, we paid $13.1 billion in corporate income taxes and accrued $0.3 billion of withholding taxes. For more details, see the chapter on Our tax data. Withholding tax is part of 'Other' of $3.0 billion in the Cash Flow Statement.
[B]	In 2021, we paid $5.7 billion of corporate income taxes and accrued $279 million of withholding taxes. This gives a total of $6 billion in income taxes and withholding taxes as reported in our country-by-country report.
[C]	This figure includes $132 million of accrued withholding taxes on dividend, interest and royalty payments to Shell entities. It does not include withholding taxes collected by Shell on dividends paid to shareholders.
[D]	Royalties is part of Purchases of $258.5 billion as included in the Income Statement.
[E]	This amount has been derived from regulatory filings submitted to the relevant governments.
[F]	As for Qatar, Source: 2022 Payments to Governments Report
[G]	As for Qatar, Source: 2021 Payments to Governments Report
H]	As for Qatar, Source: 2020 Payments to Governments Report
[I]	As for Qatar, Source: 2019 Payments to Governments Report
[J]	As for Qatar, Source: 2018 Payments to Governments Report