Post Tagged with: "payment to government"

Shell Made $59 Billion in Total Payments to Governments in 2017

Shell Made $59 Billion in Total Payments to Governments in 2017

Shell’s payments for upstream were $22.4 billion  All in, including upstream, LNG activities and refining operations, in 2017 Shell (ticker: RDS.A) said it paid in total more than $59.1 billion to governments. “We paid $6.3 billion in income taxes and $3.7 billion in government royalties, and collected $49.1 billion in excise duties, sales taxes and similar levies on our fuel and other products on behalf of governments,” Shell’s Chief financial Officer Jessica Uhl said in a statement on the company’s sustainability page. Payments related to upstream activity The 2017 Payments to Governments Report is focused just on the upstream sector of Shell’s business. It shows payments in 29 countries where Shell has upstream operations. “Payments made by Shell to governments arising from activities involving the exploration, prospection, discovery, development and extraction of minerals, oil and natural gas deposits or other materials (extractive activities) are disclosed in this Report,” Shell said. Refining, liquefaction[Read More…]