Shell's tax expenses have shown a general upward trend over the past three years, with some fluctuations. Here's a summary of the key points:
- Overall Increase: The tax expenses for Shell have increased from $5.98 billion in 2022 to $3.16 billion in 20241. This indicates a general upward trajectory in the company's tax obligations.
- Yearly Variations: There are variations in tax expenses within each year. For instance, there is a significant decrease from $5.98 billion in 2022 to $1.1 billion in 2023, followed by a rebound to $3.16 billion in 20241.
- Quarterly Patterns: When looking at the quarterly reports, the tax expenses have been highest in the fourth quarter (Q4) of each year, with Q4 2022 reporting the highest value at $5.98 billion1. This suggests that the company's tax expenses may be influenced by factors that are more pronounced in the final months of the year.
In conclusion, Shell's tax expenses have demonstrated an upward trend with resilience, showing the company's growing tax obligations over the period despite some fluctuations.
4/1/2025 03:16am
