Shell has released its Report on Payments to Governments 2019. According to the report, Shell in total paid the government of T&T 1.2b TTD in 2019 ($189m USD).
The report shows that the company paid USD$76.9m in production entitlements, USD$12.1m in taxes, USD$3.9m in royalties, USD$85m in bonuses, USD$11m in fees.
The report itemizes the payments based on the active projects in T&T. According to the report, 55% of the payments to the government were made through the North Coast Marine Area 1 (USD$104.3m). 34% was generated through Block 6b ($63.3m), 5% through Central Block ($9.3m), 4% through Blocks 5C,5D and 6D (USD$7m). The remaining 2 percent was made as an entity level payment ($4.6m)
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Source: Shell Report on Payments to Governments for the year 2019
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According to the company, globally in 2019, Shell paid more than $61.3 billion to governments. They paid $7.8 billion in income taxes and $5.9 billion in government royalties. In addition, they collected $47.6 billion in excise duties, sales taxes and similar levies on our fuel and other products on behalf of governments.