Tax Contribution Report 2024
Tax is crucial to the effective functioning of societies around the world. Shell believes in being transparent about the taxes we pay in the countries where we do business.
Tax Contribution Report 2024
Each year, we publish information on our revenues, results and taxes paid, as well as on the principles we follow in our approach to tax.
Christopher Rice - Executive Vice President Taxation and Corporate Structure“I am proud of the role Shell plays in supporting economies and communities around the world – not just through the energy we provide but also through our responsible approach to taxation. Paying the right amount of tax in the right place at the right time is a fundamental part of how we contribute to society.”
Key tax figures
$12.5 billion
Corporate income and withholding taxes paid [A]
44.8%
Effective tax rate [B]
$17.6 billion
Other payments to governments [C]
Footnotes
Footnotes
[A] We paid $12.0 billion in corporate income taxes and accrued $0.5 billion of withholding taxes. For more details, see the section Our tax data. Income taxes are reported as Tax paid in the Consolidated Statement of Cash Flows and withholding tax is part of Other of $1.5 billion in the Consolidated Statement of Cash Flows.
[B] The effective tax rate is calculated by dividing the corporate income tax charge of $13.4 billion by the profit before corporate income tax of $29.9 billion.
[C] As reported in our Payments to Governments Report 2024.
Payments overview
Our payments overview highlights our key figures, including tax and other payments to governments.
Our country tax data and analysis
This section provides a breakdown of our country-by-country reporting as a downloadable PDF that includes country analyses, or a data table.
Tax Contribution Report archive
Tax Contribution Report 2023
Tax Contribution Report 2022
Tax Contribution Report 2021
