Italy

201 Employees

-1 Italy Shell Tax Contribution Report 2018
Third-Party Revenues
$1,355,790,016
Related-party revenues
$499,867,937
Total Revenues
$1,855,657,953
Profit Before Tax
$404,746,861
Tax Paid
$172,136,810
Tax Accrued
$100,638,437
Tangible Assets
$1,889,342,344
Stated Capital
$1,163,190,947
Accumulated Earnings
$(1,431,968,411)

Main Business Activities

  • Upstream and Integrated Gas
  • Downstream
  • Trading and Supply
  • Other support activities

Shell has been present in Italy since 1912. Shell’s upstream activities include interests in the Val d’Agri and Tempa Rossa oil fields located in Basilicata, and exploration interests in two onshore areas: Po Valley and southern Apennines. Shell’s downstream operations include the production and sale of lubricants and the sale of natural gas and electricity.

Country Financial Analysis

The tax paid exceeds the tax accrued as it includes a final tax payment in respect of 2017 and because the estimated advance payments for 2018 were higher than the accrued liability.

Our Payments to Governments Report for 2018 also shows that Shell paid around $55.1 million in royalties.

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