Shell publishes 2016 report on payments to governments
Jun 13, 2017
Royal Dutch Shell plc has published today details of payments made to governments in 2016 where the company or its subsidiary undertakings (Shell) have upstream operations.
The report, which details payments in 31 countries, is prepared in accordance with The Reports on Payments to Governments Regulations 2014 as enacted in the UK in December 2014 and as amended in December 2015. This is the second report issued by Shell under such Regulations.
Payments to governments made by Shell are included in the report. Payments made by entities over which Shell has joint control are excluded from the report.
Commenting on the report, Shell’s Chief Financial Officer, Jessica Uhl said: “Shell believes that transparency is an essential tool in building trust in tax systems. Society expects clarity on the revenues that extractive industries pay to governments and at the same time expects governments to be open about the revenues they receive and how they use these funds.”
In fulfilling the UK regulatory requirements, Shell’s 2016 payments to government report covers payments in relation to upstream activities made to governments in Argentina, Australia, Bolivia, Brazil, Brunei Darussalam, Bulgaria, Canada, China, Denmark, Egypt, Gabon, Germany, Greenland, India, Iraq, Ireland, Italy, Kazakhstan, Malaysia, New Zealand, Nigeria, Norway, Oman, Philippines, Qatar, Tanzania, Thailand, Trinidad and Tobago, Tunisia, United Kingdom and USA.
To read details of Shell’s payments to governments, go to www.shell.com/payments
Shell International Media Relations +44 (0) 20 7934 5555
Notes to editors
Royal Dutch Shell plc
Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects. For further information, visit www.shell.com.
The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this announcement “Shell”, “Shell group” and “Royal Dutch Shell” are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to companies over which Royal Dutch Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations” respectively. Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest.
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