Shell PLC

Environmental & Social Information • Mar 28, 2023

Shell plc - Report on Payments to Governments for the year 2022

Shell plc – Report on Payments to Governments for the year 2022

Basis for Preparation - Report on Payments to Governments for the year 2022

This Report provides a consolidated overview of the payments to governments made by Shell plc and its subsidiary undertakings (hereinafter referred to as "Shell") for the year 2022 as required under the UK's Report on Payments to Governments Regulations 2014 (as amended in December 2015). These UK Regulations enact domestic rules in line with Directive 2013/34/EU (the EU Accounting Directive (2013)) and apply to large UK incorporated companies like Shell that are involved in the exploration, prospection, discovery, development and extraction of minerals, oil, natural gas deposits or other materials. This Report is also filed with the National Storage Mechanism (https://data.fca.org.uk/#/nsm/nationalstoragemechanism) intended to satisfy the requirements of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority in the United Kingdom. Following the UK's exit from the EU and the end of the transition period on 31 December 2020, this report is also published pursuant to article 5:25e of the Dutch FMSA (Wft).

This Report is available for download from www.shell.com/payments.

Legislation

This Report is prepared in accordance with The Reports on Payments to Governments Regulations 2014 as enacted in the UK in December 2014 and as amended in December 2015.

Reporting entities

This Report includes payments to governments made by Shell plc and its subsidiary undertakings (Shell). Payments made by entities where Shell has joint control are excluded from this Report.

Activities

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. It excludes payments related to refining, natural gas liquefaction or gas-to-liquids activities. For a fully integrated project, which does not have an interim contractual cut-off point where a value can be attached or ascribed separately to the extractive activities and to other processing activities, payments to governments will not be artificially split but are disclosed in full.

Government

Government includes any national, regional, or local authority of a country, and includes a department, agency or entity that is a subsidiary of a government, including a national oil company.

Project

Payments are reported at project level except those payments that are not attributable to a specific project are reported at entity level. Project is defined as operational activities which are governed by a single contract, licence, lease, concession, or similar legal agreement, and form the basis for payment liabilities with a government. If such agreements are substantially interconnected, those agreements are to be treated as a single project.

"Substantially interconnected" means forming a set of operationally and geographically integrated contracts, licences, leases or concessions or related agreements with substantially similar terms that are signed with a government giving rise to payment liabilities. Such agreements can be governed by a single contract, joint venture, production sharing agreement, or other overarching legal agreement. Indicators of integration include, but are not limited to, geographic proximity, the use of shared infrastructure and common operational management.

Payment

The information is reported under the following payment types:

Production entitlements

These are the host government's share of production in the reporting period derived from projects operated by Shell. This includes the government's share as a sovereign entity or through its participation as an equity or interest holder in projects within its sovereign jurisdiction (home country). Production entitlements arising from activities or interests outside of its home country are excluded.

In certain contractual arrangements, typically a production sharing contract, a government through its participation interest may contribute funding of capital and operating expenditure to projects, from which it derives production entitlement to cover such funding (cost recovery). Such cost recovery production entitlement is included.

In situations where a government settles Shell's income tax obligation on behalf of Shell by utilising its share of production entitlements (typically under a tax-paid concession), such amount will be deducted from the reported production entitlement.

Taxes

These are taxes paid by Shell on its income, profits or production (which include resource severance tax, and petroleum resource rent tax), including those settled by a government on behalf of Shell under a tax-paid concession. Payments are reported net of refunds. Consumption taxes, personal income taxes, sales taxes, property and environmental taxes are excluded.

Royalties

These are payments for the rights to extract oil and gas resources, typically at a set percentage of revenue less any deductions that may be taken.

Dividends

These are dividend payments other than dividends paid to a government as an ordinary shareholder of an entity unless paid in lieu of production entitlements or royalties. For the year ended December 31, 2022, there were no reportable dividend payments to a government.

Bonuses

These are payments for bonuses. These are usually paid upon signing an agreement or a contract, or when a commercial discovery is declared, or production has commenced, or production has reached a milestone.

License fees, rental fees, entry fees and other considerations for licenses and/or concessions

These are fees and other sums paid as consideration for acquiring a licence for gaining access to an area where extractive activities are performed. Administrative government fees that are not specifically related to the extractive sector, or to access to extractive resources, are excluded. Also excluded are payments made in return for services provided by a government.

Infrastructure improvements

These are payments which relate to the construction of infrastructure (road, bridge, or rail) not substantially dedicated for the use of extractive activities. Payments which are a social investment in nature, for example building of a school or hospital, are excluded.

Other

Operatorship

When Shell makes a payment directly to a government arising from a project, regardless of whether Shell is the operator, the full amount paid is disclosed even where Shell as the operator is proportionally reimbursed by its non-operating venture partners through a partner billing process (cash-call).

When a national oil company is the operator of a project to whom Shell makes a reportable payment, which is distinguishable in the cashcall, it is included in this Report.

Cash and in-kind payments

Payments are reported on cash basis. In-kind payments are converted to an equivalent cash value based on the most appropriate and relevant valuation method for each payment, which can be at cost or market value, or such value as stated in the contract. In-kind payments are reported in both volumes and the equivalent cash value.

Materiality Level

For each payment type, total payments below £86,000 to a government are excluded from this Report.

Exchange Rate

Payments made in currencies other than US Dollars are translated for this Report based on the foreign exchange rate at the relevant quarterly average rate.

Report on Payments to Governments [1]

		Government Reports (in USD)
	Production					Infrastructure
Countries: Europe	Entitlements	Taxes	Royalties	Bonuses	Fees	Improvements	Total
Albania	–	–	–	500,050	219,719	–	719,769
Germany	–	250,573,184	–	–	–	–	250,573,184
							146,853,278
Italy	–	68,402,789	77,832,511	–	617,978	–
Norway	5,596,820,544	2,121,784,227	–	–	1,109,256	–	7,719,714,027
United Kingdom	–	8,016,307	–	–	9,949,183	–	17,965,491
Asia
Brunei
Darussalam	12,472,004	46,585,919	27,113,052	–	–	–	86,170,974
India	–	- 19,132,933	–	–	–	–	- 19,132,933
Kazakhstan	–	275,329,802	–	–	–	–	275,329,802
Malaysia	3,278,262,854	388,579,749	789,772,621	–	15,000,000	–	4,471,615,225
Philippines	461,162,693	73,713,802	–	–	–	–	534,876,495
Middle East
Oman	–	4,559,403,750	–	–	400,000	–	4,559,803,750
Qatar	1,736,561,803	1,903,929,972	–	–	36,570,315	–	3,677,062,091
Oceania
Australia	–	87,856,562	755,474,433	–	14,132,417	2,506,371	859,969,783
Africa
Egypt	–	255,440,031	–	1,736,140	–	–	257,176,172
Namibia	–	–	–	–	108,363	–	108,363
Nigeria	3,035,996,709	711,850,070	691,648,502	–	81,639,634	–	4,521,134,915
Tunisia	–	59,662,546	16,569,086	–	–	–	76,231,632
North America
Canada	–	19,625	46,789,644	–	2,000,370	–	48,809,639
Mexico	–	–	–	–	41,913,830	–	41,913,830
United
States	–	66,520,000	1,431,776,102	–	29,941,840	–	1,528,237,942
South
America
Argentina	–	–	77,657,827	–	414,373	–	78,072,200
Bolivia	–	–	–	–	243,650	–	243,650
Brazil	87,824,216	466,854,704	1,197,817,132	216,531,654	2,375,611,034	–	4,344,638,739
Colombia	–	–	–	–	558,570	–	558,570
Trinidad and Tobago	849,957,106	17,260,193	8,612,776	2,000,000	13,164,093	–	890,994,169
Total	15,059,057,930	11,342,650,301	5,121,063,684	220,767,844	2,623,594,624	2,506,371	34,369,640,754

1. This report is not corrected for rounding.

						Government Reports (in USD) [1]
	Production					Infrastructure
				EntitlementTaxesRoyalties Bonuses	Fees	Improvements	Total
Governments:
DEGA E
THESARIT
BERAT	–	–	–	–	219,719	–	219,719
AGJENCIA
KOMETARE E
BURIMEVE	–	–	–	500,050	–	–	500,050
Total	–	–	–	500,050	219,719	–	719,769
						Project Reports (in USD)
	Production					Infrastructure
				EntitlementTaxesRoyalties Bonuses	Fees	Improvements	Total
Projects:
ALBANIA
EXPLORATION	–	–	–	500,050	219,719	–	719,769
Total	–	–	–	500,050	219,719	–	719,769

Germany

			Government Reports (in USD) [1]
	Production Entitlement	Taxes	RoyaltiesBonuses Fees		Infrastructure Improvements	Total
Governments:
CITY OF WESSELING	–	33,361,193	–	– –	–	33,361,193
MUNICIPALITY OF AICHSTETTEN	–	211,598	–	– –	–	211,598
CITY OF COLOGNE	–	23,374,145	–	– –	–	23,374,145
CITY OF WUERZBURG	–	329,153	–	– –	–	329,153
CITY OF GELSENKIRCHEN	–	1,832,057	–	– –	–	1,832,057
CITY OF FLOERSHEIM	–	655,000	–	– –	–	655,000
CITY OF LUDWIGSHAFEN	–	571,059	–	– –	–	571,059
TAX AUTHORITY HAMBURG	–	190,238,979	–	– –	–	190,238,979
Total	–	250,573,184	–	– –	–	250,573,184

			Project Reports (in USD) Infrastructure
	Production
	Entitlement	Taxes	RoyaltiesBonuses Fees		Improvements	Total
Entity level
payment:
DEUTSCHE SHELL HOLDING
GmbH	–	250,573,184	– –	–	–	250,573,184
Total	–	250,573,184	– –	–	–	250,573,184

1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.

Italy

		Government Reports (in USD) [1]
	Production					Infrastructure
	Entitlement	Taxes	Royalties	Bonuses	Fees	Improvements	Total
Governments:
BASILICATA
REGION (VDA)	–	–	35,794,244	–	–	–	35,794,244
CALVELLO
MUNICIPALITY	–	–	721,277	–	–	–	721,277
GRUMENTO
NOVA
MUNICIPALITY	–	–	412,158	–	–	–	412,158
MARSICO
NUOVO
MUNICIPALITY	–	–	309,119	–	–	–	309,119
VIGGIANO
MUNICIPALITY	–	–	2,859,349	–	–	–	2,859,349

ASSET	–	68,402,789	77,832,511	–	617,978	–	146,853,278
ITALY UPSTREAM
Projects:
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
						Project Reports (in USD)
Total	–	68,402,789	77,832,511	–	617,978	–	146,853,278
COMUNE DI CORLETO PERTICARA	–	–	1,567,495	–	–	–	1,567,495
COMUNE DI GORGOGLIONE	–	–	241,153	–	–	–	241,153
REGIONE BASILICATA	–	–	17,001,868	–	–	–	17,001,868
TESSORERIA PROVINICIALE DELLO STATO	–	68,402,789	18,925,846	–	617,978	–	87,946,613

Total – 68,402,789 77,832,511 – 617,978 – 146,853,278

Norway

	Government Reports (in USD) [1]
	Production Entitlement	Taxes	RoyaltiesBonuses		Fees	Infrastructure Improvements	Total
Governments:
OLJEDIREKTORATET	–	–	–	–	1,109,256	–	1,109,256
PETORO AS	3,302,593,191[A]	–	–	–	–	–	3,302,593,191
SKATTE OG AVGIFTSREGNSKAP	–	2,121,784,227	–	–	–	–	2,121,784,227
EQUINOR ASA	2,294,227,352[B]	–	–	–	–	–	2,294,227,352
Total	5,596,820,544	2,121,784,227	–	–	1,109,256	–	7,719,714,027

	Project Reports (in USD)
	Production Entitlement	Taxes RoyaltiesBonuses			Fees	Infrastructure Improvements	Total
Projects:
NORWAY EXPLORATION
PROJECTS	—	–	–	–	1,109,256	–	1,109,256
ORMEN LANGE	5,596,820,544[C]	–	–	–	–	–	5,596,820,544
Entity level payment:
A/S NORSKE SHELL	—	2,121,784,227	–	–	–	–	2,121,784,227
Total	5,596,820,544	2,121,784,227	–	–	1,109,256	–	7,719,714,027

1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.

2. Includes payment in kind of \$3,302,593,191 for 22,263 KBOE valuated at market price.

3. Includes payment in kind of \$2,294,227,352 for 15,466 KBOE valuated at market price.

4. Includes payment in kind of \$5,596,820,544 for 37,729 KBOE valuated at market price.

United Kingdom

		Government Reports (in USD) [1]
	Production		Infrastructure
	Entitlement	Taxes	RoyaltiesBonuses		Fees	Improvements	Total
Governments:
HM REVENUE
AND CUSTOMS	–	8,016,307	–	–	–	–	8,016,307
THE CROWN
ESTATE
SCOTLAND	–	–	–	–	110,315	–	110,315
NORTH SEA
TRANSITION
AUTHORITY	–	–	–	–	9,838,869	–	9,838,869
Total	–	8,016,307	–	–	9,949,183	–	17,965,491
						Project Reports (in USD)
	Production		Infrastructure
	Entitlement	Taxes	RoyaltiesBonuses		Fees	Improvements	Total
Projects:

NORTH SEA		-					-
PROJECTS	–	41,936,846	–	–	460,725	–	41,476,121
ONEGAS WEST	–	–	–	–	2,816,907	–	2,816,907
UK
EXPLORATIONS
PROJECTS	–	–	–	–	697,218	–	697,218
UK OFFSHORE
OPERATED	–	–	–	–	1,046,761	–	1,046,761
UK OFFSHORE
NON
OPERATED	–	–	–	–	213,327	–	213,327
WEST OF
SHETLAND
NON
OPERATED	–	–	–	–	235,123	–	235,123
Entity level
payment:
SHELL U.K.
LIMITED	–	49,953,153[A]	–	–	4,479,122	–	54,432,275
Total	–	8,016,307	–	–	9,949,183	–	17,965,491

1. Includes the first installment of Shell U.K. Limited's estimated \$134mln Energy Profits Levy liability for 2022.

Brunei Darussalam

						Government Reports (in USD) [1]
	Production					Infrastructure
	Entitlement	Taxes	Royalties	Bonuses Fees		Improvements	Total
Governments:
MINISTRY OF FINANCE AND ECONOMY	–	46,585,919	–	–	–	–	46,585,919
PETROLEUM AUTHORITY OF BRUNEI	12,472,004	–	27,113,052	–	–	–	39,585,055
Total	12,472,004	46,585,919	27,113,052	–	–	–	86,170,974
	Production Entitlement	Taxes	Royalties	Bonuses Fees		Project Reports (in USD) Infrastructure Improvements	Total
Entity level payment:
SHELL DEEPWATER BORNEO LIMITED	–	43,020,963	–	–	–	–	43,020,963
SHELL EXPLORATION AND PRODUCTION
BRUNEI BV	12,472,004	3,564,956	27,113,052	–	–	–	43,150,011
Total	12,472,004	46,585,919	27,113,052	–	–	–	86,170,974

1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.

India

	Production Entitlement		Taxes Royalties Bonuses Fees	Government Reports (in USD) [1]	Infrastructure Improvements	Total
Governments:
INCOME TAX DEPARTMENT	–	- 19,132,933	–	– –	–	- 19,132,933
Total	–	- 19,132,933	–	– –	–	- 19,132,933
	Production Entitlement		Taxes Royalties Bonuses Fees		Infrastructure Improvements	Project Reports (in USD) Total
Entity level payment:
BG EXPLORATION AND PRODUCTION INDIA LIMITED	–	- 19,132,933	–	– –	–	- 19,132,933

	-					- 19 132
Total	– 19,132,933	–	–	–	–	933

Kazakhstan

	Government Reports (in USD) [1]
	Production	Infrastructure
	Entitlement	Taxes	RoyaltiesBonuses Fees			Improvements	Total
Governments:
WEST
KAZAKHSTAN
TAX COMMITTEE	–	267,118,264	–	–	–	–	267,118,264
STATE REVENUE
AUTHORITY OF
BURLINSK	–	8,211,538	–	–	–	–	8,211,538
Total	–	275,329,802	–	–	–	–	275,329,802
			Project Reports (in USD)

	Production		Infrastructure
	Entitlement	Taxes	RoyaltiesBonuses Fees		Improvements	Total
Projects:
KARACHAGANAK	–	275,329,802	– –	–	–	275,329,802
Total	–	275,329,802	– –	–	–	275,329,802

1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.

Malaysia

			Government Reports (in USD) [1]
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
Governments:
PETROLIAM NASIONAL BERHAD	1,916,347,975[A]	–	106,875,732	–	15,000,000	–	2,038,223,708
PETRONAS CARIGALI SDN BHD (KL)	1,287,695,530[B]	–	–	–	–	–	1,287,695,530
MALAYSIA FEDERAL AND STATE GOVERNMENT	–	–	682,896,889[D]	–	–	–	682,896,889
KETUA PENGARAH LHDNM	–	392,564,108	–	–	–	–	392,564,108
PETRONAS CARIGALI SDN BHD (MIRI)	–	- 3,984,359	–	–	–	–	- 3,984,359
PETROLEUM SARAWAK EXPLORATION AND PRODUCTION SDN BHD	74,219,349 [C]	–	–	–	–	–	74,219,349
Total	3,278,262,854	388,579,749	789,772,621	–	15,000,000	–	4,471,615,225
	Production Entitlement	Taxes	Royalties	Project Reports (in USD) Bonuses	Fees	Infrastructure Improvements	Total
Projects:
SABAH GAS - NOT OPERATED SABAH	–	28,579,224	9,257,967	–	–	–	37,837,191
INBOARD AND DEEPWATER OIL	1,966,195,353[E]	263,632,439	493,678,683[F]	–	–	–	2,723,506,474
SARAWAK OIL AND GAS Entity level	1,312,067,502[G]	90,376,186	286,835,971[H]	–	15,000,000	–	1,704,279,659
payment: SABAH SHELL PETROLEUM

LIMITED	–	1,452,193	–	–	–	–	1,452,193
SARAWAK
SHELL
BERHAD	–	934,613	–	–	–	–	934,613
SHELL
ENERGY ASIA
LIMITED	–	1,053,204	–	–	–	–	1,053,204
SHELL OIL &
GAS
(MALAYSIA)
LLC	–	383,033	–	–	–	–	383,033
SHELL SABAH
SELATAN
SDN. BHD.	–	2,168,857	–	–	–	–	2,168,857
Total	3,278,262,854	388,579,749	789,772,621	–	15,000,000	–	4,471,615,225

1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report. 2. Includes payment in kind of \$368,868,507 for 16,641 KBOE valuated at fixed price and \$1,547,479,468 for 13,755 KBOE valuated at

market price. 3. Includes payment in kind of \$347,542,010 for 15,588 KBOE valuated at fixed price and \$940,153,520 for 8,250 KBOE valuated at market price.

1. Includes payment in kind of \$57,168,433 for 3,164 KBOE valuated at fixed price and \$17,050,916 for 224 KBOE valuated at market price.

2. Includes payment in kind of \$133,871,057 for 5,995 KBOE valuated at fixed price and \$549,025,831 for 4,826 KBOE valuated at market price.

3. Includes payment in kind of \$1,966,195,353 for 16,954 KBOE valuated at market price.

4. Includes payment in kind of \$468,094,223 for 4,040 KBOE valuated at market price.

5. Includes payment in kind of \$773,578,950 for 35,393 KBOE valuated at fixed price and \$538,488,552 for 5,275 KBOE valuated at market price.

6. Includes payment in kind of \$133,871,057 for 5,995 KBOE valuated at fixed price and \$80,931,608 for 787 KBOE valuated at market price.

Philippines

	Production	Government Reports (in USD) [1] Infrastructure
	Entitlement	Taxes RoyaltiesBonuses Fees Improvements				Total
Governments:
BUREAU OF INTERNAL REVENUE	–	73,713,802	–	–	–	–	73,713,802
DEPARTMENT
OF ENERGY	396,457,279	–	–	–	–	–	396,457,279
PNOC EXPLORATION CORPORATION	64,705,414	–	–	–	–	–	64,705,414
Total	461,162,693	73,713,802	–	–	–	–	534,876,495

			Project Reports (in USD)
	Production				Infrastructure
	Entitlement	Taxes	RoyaltiesBonuses Fees		Improvements	Total
Projects:
SC 38
MALAMPAYA
GAS	461,162,693	73,713,802	–	– –	–	534,876,495
Total	461,162,693	73,713,802	–	– –	–	534,876,495

1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.

Oman

		Government Reports (in USD) [1]
	Production						Infrastructure
	Entitlement	Taxes		RoyaltiesBonuses		Fees	Improvements	Total
Governments:
OMAN - MINISTRY OF
FINANCE	–	4,559,403,750	–		–	400,000	–	4,559,803,750
Total	–	4,559,403,750	–		–	400,000	–	4,559,803,750
							Project Reports (in USD)
	Production						Infrastructure
	Entitlement	Taxes		RoyaltiesBonuses		Fees	Improvements	Total
Projects:
BLOCK 6
CONCESSION	–	4,559,403,750	–		–	–	–	4,559,403,750
Entity level payment:

Total	–	4,559,403,750	–	–	400,000	–	4,559,803,750
BLOCK 55 CONCESSION	–	–	–	–	250,000	–	250,000
BLOCK 42 CONCESSION	–	–	–	–	150,000	–	150,000

Qatar

	Government Reports (in USD) [1]
	Production					Infrastructure
	Entitlement	Taxes	RoyaltiesBonuses		Fees	Improvements	Total
Governments:
QATARENERGY	1,736,561,803	1,903,929,972	–	–	36,570,315	–	3,677,062,091
Total	1,736,561,803	1,903,929,972	–	–	36,570,315	–	3,677,062,091

	Project Reports (in USD)
	Production
	Entitlement	Taxes	RoyaltiesBonuses		Fees	Improvements	Total
Projects:
PEARL GTL	1,736,561,803	1,903,929,972	–	–	36,570,315	–	3,677,062,091
Total	1,736,561,803	1,903,929,972	–	–	36,570,315	–	3,677,062,091

1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.

Australia

	Government Reports (in USD) [1]
	Production					Infrastructure
	Entitlement	Taxes	Royalties	Bonuses	Fees	Improvements	Total
Governments:
AUSTRALIAN
TAXATION
OFFICE	–	87,856,562	–	–	–	–	87,856,562
BANANA
SHIRE
COUNCIL	–	–	–	–	164,993	–	164,993
DEPARTMENT
OF INDUSTRY	–	–	187,902,795	–	237,356	–	188,140,151
DEPARTMENT
OF
ENVIRONMENT
AND SCIENCE	–	–	–	–	964,580	–	964,580
WESTERN
DOWNS
REGIONAL
COUNCIL	–	–	–	–	10,885,722	2,087,190	12,972,912
OFFICE OF
STATE
REVENUE	–	–	567,571,638	–	–	–	567,571,638
DEPARTMENT
OF NATURAL
RESOURCES
AND MINES	–	–	–	–	569,651	–	569,651
MARANOA
REGIONAL
COUNCIL	–	–	–	–	–	419,181	419,181
RESOURCES
SAFETY AND
HEALTH	–	–	–	–	1,310,113	–	1,310,113
Total	–	87,856,562	755,474,433	–	14,132,417	2,506,371	859,969,783
					Project Reports (in USD)
	Production					Infrastructure
	Entitlement	Taxes	Royalties	Bonuses	Fees	Improvements	Total
Projects:
NORTH WEST
SHELF	–	–	187,902,795	–	–	–	187,902,795
QGC PROJECT	–	–	567,571,638	–	13,895,060	2,506,371	583,973,069
PRELUDE	–	–	–	–	113,994	–	113,994
CRUX	–	–	–	–	123,363	–	123,363
Entity level
payment:
SHELL

AUSTRALIA

PTY LTD	–	87,856,562	–	–	–	–	87,856,562
Total	–	87,856,562	755,474,433	–	14,132,417	2,506,371	859,969,783

Egypt

			Government Reports (in USD) [1]
	Production		Infrastructure
	Entitlement	Taxes		Royalties Bonuses	Fees	Improvements	Total
Governments:
EGYPTIAN
GENERAL
PETROLEUM
CORPORATION	–	255,440,031	–	1,046,140	–	–	256,486,172
GANOUB EL
WADI
PETROLEUM
HOLDING	–	–	–	690,000	–	–	690,000
Total	–	255,440,031	–	1,736,140	–	–	257,176,172
						Project Reports (in USD)
	Production					Infrastructure
	Entitlement	Taxes		Royalties Bonuses	Fees	Improvements	Total
Projects:
EGYPT
OFFSHORE
EXPLORATION	–	–	–	690,000	–	–	690,000
Entity level
payment:
SHELL EGYPT
N.V.	–	–	–	1,046,140	–	–	1,046,140
BG DELTA
LIMITED -
EGYPT
BRANCH	–	255,440,031	–	–	–	–	255,440,031
Total	–	255,440,031	–	1,736,140	–	–	257,176,172

1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.

Namibia

				Government Reports (in USD) [1]
	Production					Infrastructure
	Entitlement TaxesRoyaltiesBonuses				Fees	Total
Governments:
MINISTRY OF MINES AND
ENERGY	–	–	–	–	108,363	–	108,363
Total	–	–	–	–	108,363	–	108,363
	Production Entitlement TaxesRoyaltiesBonuses				Fees	Project Reports (in USD) Infrastructure Improvements	Total
Projects:
NAMIBIA EXPLORATION
PROJECT	–	–	–	–	108,363	–	108,363
Total	–	–	–	–	108,363	–	108,363

1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.

Nigeria

	Government Reports (in USD) [1]
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
Governments:
NIGER DELTA DEVELOPMENT COMMISSION	–	–	–	–	79,844,884	–	79,844,884
NIGERIAN NATIONAL PETROLEUM CORPORATION	3,035,996,709[A]	–	–	–	–	–	3,035,996,709
DEPARTMENT OF PETROLEUM

RESOURCES	–	–	691,648,502[B]	–	1,794,749	–	693,443,252
FEDERAL INLAND
REVENUE
SERVICE	–	711,850,070[C]	–	–	–	–	711,850,070
Total	3,035,996,709	711,850,070	691,648,502	–	81,639,634	–	4,521,134,915
			Project Reports (in USD)
	Production					Infrastructure
	Entitlement	Taxes	Royalties	Bonuses	Fees	Improvements	Total
Projects:
PSC 1993
(OPL212/OML118,
OPL219/OML135)	539,313,819 [D]	278,348,859[E]	480,566,486[F]	–	20,737,019	–	1,318,966,183
WEST ASSET	1,783,447,897[G]	—	—	–	–	–	1,783,447,897
PSC 1993
(OML133)	–	194,604,155[H]	—	–	–	–	194,604,155
EAST ASSET	713,234,993 [I]	—	—	–	–	–	713,234,993
Entity level
payment:
THE SHELL
PETROLEUM
DEVELOPMENT
COMPANY OF
NIGERIA LIMITED	–	238,897,056	211,082,016	–	60,902,615	–	510,881,687
Total	3,035,996,709	711,850,070	691,648,502	–	81,639,634	–	4,521,134,915

• 1. Includes payment in kind of \$3,035,996,709 for 60,068 KBOE valuated at market price.
• 1. Includes payment in kind of \$480,566,486 for 4,522 KBOE valuated at market price.

• Includes payment in kind of \$472,953,014 for 4,553 KBOE valuated at market price.

• Includes payment in kind of \$539,313,819 for 4,928 KBOE valuated at market price.

• Includes payment in kind of \$278,348,859 for 2,697 KBOE valuated at market price.

• Includes payment in kind of \$480,566,486 for 4,522 KBOE valuated at market price.

• Includes payment in kind of \$1,783,447,897 for 17,634 KBOE valuated at market price.

• Includes payment in kind of \$194,604,155 for 1,856 KBOE valuated at market price.

• Includes payment in kind of \$713,234,993 for 37,507 KBOE valuated at market price.

Tunisia

	Government Reports (in USD) [1]
	Production Entitlement	Taxes	Royalties	Bonuses Fees		Infrastructure Improvements	Total
Governments:
ENTERPRISE TUNISIENNE D'ACTIVITES PETROLIERES	–	–	3,926,004 [A]	–	–	–	3,926,004
MONSIEUR LE RECEVEUR DES FINANCES DU LAC	–	59,662,546	12,643,082	–	–	–	72,305,628
Total	–	59,662,546	16,569,086	–	–	–	76,231,632

	Project Reports (in USD)
	Production Entitlement	Taxes	Royalties		Bonuses Fees		Infrastructure Improvements	Total
Projects:
HASDRUBAL CONCESSION	–	40,738,105	7,144,564 [B]		–	–	–	47,882,668
MISKAR CONCESSION	–	18,924,442	9,424,522 [C]		–	–	–	28,348,964
Total	–	59,662,546	16,569,086		–	–	–	76,231,632

1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.

2. Includes payment in kind of \$3,926,004 for 51 KBOE valuated at market price.

3. Includes payment in kind of \$2,172,384 for 31 KBOE valuated at market price.

4. Includes payment in kind of \$1,753,620 for 20 KBOE valuated at market price.

Canada

			Government Reports (in USD) [1]
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
Governments:
GOVERNMENT OF ALBERTA	–	–	9,818,991	–	–	–	9,818,991

PROVINCIAL
TREASURER OF ALBERTA	–	–	–	–	500,135	–	500,135
RECEIVER							-
GENERAL FOR			-
CANADA	–	19,625	4,485,728	–	–	–	4,466,103
MINISTRY OF
EMPLOYMENT
AND
INVESTMENT	–	–	–	–	717,389	–	717,389
MINISTER OF
FINANCE (BC)	–	–	41,456,380	–	613,772	–	42,070,152
ALBERTA
ENERGY
REGULATOR	–	–	–	–	169,074	–	169,074
Total	–	19,625	46,789,644	–	2,000,370	–	48,809,639
					Project Reports (in USD)

	Production					Infrastructure
	Entitlement	Taxes	Royalties	Bonuses	Fees	Improvements	Total
Projects:
ATHABASCA		-
OIL SANDS	–	117,271	2,971,801	–	–	–	2,854,529
FOOTHILLS	–	–	–	–	116,066	–	116,066
GREATER
DEEP BASIN	–	–	6,318,164	–	169,074	–	6,487,238
GROUNDBIRCH	–	–	41,456,380	–	1,331,161	–	42,787,541
INSITU	–	–	529,027	–	–	–	529,027
SABLE			-				-
DEEPWATER	–	–	4,485,728	–	–	–	4,485,728
Entity level
payment:
SHELL
CANADA
ENERGY	–	–	–	–	384,069	–	384,069
SHELL
CANADA
LIMITED	–	136,897	–	–	–	–	136,897
Total	–	19,625	46,789,644	–	2,000,370	–	48,809,639

Mexico

					Government Reports (in USD) [1]
	Production
	EntitlementTaxesRoyaltiesBonuses				Fees	Improvements	Total
Governments:
FONDO MEXICANO DEL PETROLEO PARA LA
ESTABILIZACION
Y EL DESARROLLO	–	–	–	–	18,189,068	–	18,189,068
SERVICIO DE ADMINISTRACION	–	–	–	–	23,724,762	–	23,724,762
Total	–	–	–	–	41,913,830	–	41,913,830
	Production					Project Reports (in USD) Infrastructure
	EntitlementTaxesRoyaltiesBonuses				Fees	Improvements	Total
Entity level payment:
SHELL EXPLORACIÓN- Y EXTRACCIÓN DE MÉXICO, S.A. DE
C.V.	–	–	–	–	41,913,830	–	41,913,830
Total	–	–	–	–	41,913,830	–	41,913,830

1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.

	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
Governments:
OFFICE OF NATURAL RESOURCES REVENUE	–	–	1,431,776,102	–	29,698,432	–	1,461,474,534
DIRECTOR, DIVISION OF OIL AND GAS	–	–	–	–	243,408	–	243,408
INTERNAL REVENUE SERVICE	–	66,520,000	–	–	–	–	66,520,000
Total	–	66,520,000	1,431,776,102	–	29,941,840	–	1,528,237,942
	Production Entitlement	Taxes	Royalties	Bonuses	Project Reports (in USD) Fees	Infrastructure Improvements	Total
Projects:
ALASKA EXPLORATION	–	–	–	–	243,408	–	243,408
GOM (CENTRAL)	–	–	1,256,432,055	–	184,320	–	1,256,616,375
GOM (WEST)	–	–	175,344,047	–	–	–	175,344,047
GOM EXPLORATION	–	–	–	–	29,514,112	–	29,514,112
Entity level
payment:
SHELL PETROLEUM
INC.	–	66,520,000	–	–	–	–	66,520,000
Total	–	66,520,000	1,431,776,102	–	29,941,840	–	1,528,237,942

Argentina

					Government Reports (in USD) [1]
	Production			Infrastructure
	EntitlementTaxes Royalties			Bonuses	Fees	Improvements	Total
Governments:
GAS Y PETROLEO DEL NEUQUEN
S.A.	–	–	–	–	133,100	–	133,100
PROVINCIA DE
SALTA	–	–	3,486,166	–	–	–	3,486,166
PROVINCIA DEL
NEUQUEN	–	–	74,171,661	–	281,273	–	74,452,934
Total	–	–	77,657,827	–	414,373	–	78,072,200
						Project Reports (in USD)
	Production					Infrastructure
	EntitlementTaxes Royalties			Bonuses	Fees	Improvements	Total
Projects:
ACAMBUCO	–	–	3,486,166	–	–	–	3,486,166
ARGENTINA UNCONVENTIONAL
PROJECTS	–	–	74,171,661	–	414,373	–	74,586,034

Total – – 77,657,827 – 414,373 – 78,072,200

1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.

Bolivia

	Production					Government Reports (in USD) [1] Infrastructure
	Entitlement Taxes Royalties Bonuses				Fees	Improvements	Total
Governments:
NATIONAL OIL COMPANY OF							243,650
BOLIVIA Total	– –	– –	– –	– –	243,650 243,650	– –	243,650
	Production Entitlement Taxes Royalties Bonuses				Fees	Project Reports (in USD) Infrastructure Improvements	Total

Projects:

HUACARETA	–	–	–	–	243,650	–	243,650
Total	–	–	–	–	243,650	–	243,650

Brazil

	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
Governments:
MINISTERIO DA FAZENDA	–	–	1,197,817,132	–	2,375,611,034	–	3,573,428,166
PRÉ-SAL PETRÓLEO SA	87,824,216[A]	–	–	–	–	–	87,824,216
SECRETARIA DA RECEITA FEDERAL DO BRASIL	–	466,854,704	–	–	–	–	466,854,704
AGENCIA NACIONAL DO PETROLEO GAS NATURAL E BIOCOMBUSTIVEIS	–	–	–	216,531,654	–	–	216,531,654
Total	87,824,216	466,854,704	1,197,817,132	216,531,654	2,375,611,034	–	4,344,638,739
	Production Entitlement	Taxes	Royalties	Project Reports (in USD) Bonuses	Fees	Infrastructure Improvements	Total
Projects:
BC-10	–	–	31,652,249	–	961,072	–	32,613,321
BIJUPIRA AND SALEMA	–	–	–	–	385,173	–	385,173
BM-S-9, BM-S-9A, BM-S-11, BM-S 11A AND ENTORNO DE SAPINHOA	–	–	1,088,470,113	191,095,576	2,371,950,551	–	3,651,516,240
BASIN EXPLORATION PROJECTS	–	–	–	25,436,078	1,233,252	–	26,669,329
LIBRA PSC	87,824,216[B]	–	77,694,770	–	–	–	165,518,985
Entity level payment:
SHELL BRASIL PETROLEO LTDA	–	466,854,704	–	–	1,080,987	–	467,935,690
Total	87,824,216	466,854,704	1,197,817,132	216,531,654	2,375,611,034	–	4,344,638,739

1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.

2. Includes payment in kind of \$87,824,216 for 1,010 KBOE valuated at market price.

3. Includes payment in kind of \$87,824,216 for 1,010 KBOE valuated at market price.

Colombia

					Government Reports (in USD) [1]
	Production EntitlementTaxesRoyaltiesBonuses Fees					Infrastructure Improvements	Total
Governments:
AGENCIA
NACIONAL DE
HIDROCARBUROS	–	–	–	–	558,570	–	558,570
Total	–	–	–	–	558,570	–	558,570
	Production EntitlementTaxesRoyaltiesBonuses Fees					Project Reports (in USD) Infrastructure Improvements	Total
Entity level payment:
SHELL EP OFFSHORE VENTURES LIMITED – SUCURSAL
COLOMBIA	–	–	–	–	558,570	–	558,570
Total	–	–	–	–	558,570	–	558,570

Trinidad and Tobago

	Government Reports (in USD) [1]
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
Governments:
BOARD OF INLAND REVENUE	–	17,149,358	–	–	–	–	17,149,358
MINISTRY OF ENERGY AND ENERGY
AFFAIRS	849,957,106	110,836	8,612,776	2,000,000	13,164,093	–	873,844,811
Total	849,957,106	17,260,193	8,612,776	2,000,000	13,164,093	–	890,994,169
	Production				Project Reports (in USD)	Infrastructure
	Entitlement	Taxes	Royalties	Bonuses	Fees	Improvements	Total
Projects:
BLOCK 5C, 5D AND 6D	–	–	–	2,000,000	3,376,756	–	5,376,756
CENTRAL BLOCK	–	17,260,193	8,612,776	–	769,656	–	26,642,626
NORTH COAST MARINE AREA 1 (NCMA1)	411,684,450	–	–	–	4,876,120	–	416,560,570
BLOCK 6B, BLOCK 5A and BLOCK E	278,772,376	–	–	–	1,880,131	–	280,652,507
Entity level payment:
BG INTERNATIONAL LIMITED -
TRINIDAD AND TOBAGO
BRANCH	159,500,281	–	–	–	1,496,129	–	160,996,410
GBZ9	–	–	–	–	765,300	–	765,300
Total	849,957,106	17,260,193	8,612,776	2,000,000	13,164,093	–	890,994,169

1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.

Cautionary note

The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this Report "Shell" and "Shell group" are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words "we", "us" and "our" are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. "Subsidiaries ", "Shell subsidiaries", and "Shell companies" as used in this Report refer to companies over which Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as "joint ventures" and "joint operations" respectively. Entities over which Shell has significant influence but neither control nor joint control are referred to as "associates". The term "Shell interest" is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in a venture, partnership, or company, after exclusion of all third-party interest.

LEI number of Shell plc: 21380068P1DRHMJ8KU70 Classification: Payments to governments