Payments to Governments Report 2024
Each year, Shell publishes its Payments to Governments Report. The 2024 report details 24 countries where Shell has Upstream operations, including the basis of reporting and a breakdown by country.
In 2024, Shell paid $18.2 billion in taxes to governments. We paid $12.5 billion in corporate income taxes ($0.5 billion of which were withholding taxes) and $5.7 billion in government royalties.
The 2024 Payments to Governments Report details payments in 24 countries where Shell has Upstream operations, including the basis of reporting and a breakdown by country. The report is prepared in accordance with the UK’s Reports on Payments to Governments Regulations 2014 (as amended in December 2015). This is the tenth report issued by Shell under such regulations.
Payments to Governments Report 2024
Each year, Shell publishes its Payments to Governments Report, prepared in accordance with the UK’s Reports on Payments to Governments Regulations 2014 (as amended in December 2015).
Sinead Gorman - Chief Financial Officer"Shell is transparent about the taxes we pay, and we encourage governments to join the EITI and share contracts and licenses in line with the EITI’s standard. With respect to beneficial ownership transparency, we perform risk-based due diligence in relation to companies that we do business with, seeking to comply with all applicable laws and regulations of the countries in which we operate, in line with the Shell General Business Principles."
