Shell Plc Just Put a $23.8 Billion Number on Its Global Tax Footprint
Shell Plc reported paying out $23.84 billion to governments for 2025, releasing a detailed, country-level breakdown just ahead of its annual shareholder meeting. The move offers investors and policymakers a closer look at the oil giant’s fiscal footprint. The filing listed $10.04 billion paid in taxes, $8.04 billion in production entitlements—the portion of output kept by the host government—and $3.77 billion in royalties. Brazil topped the country breakdown at $4.25 billion, followed by Oman at roughly $3.99 billion and Norway at $3.77 billion.