Article 67HNZ Shell will pay about $2bn in UK and EU windfall taxes for last quarter

Shell will pay about $2bn in UK and EU windfall taxes for last quarter

by
Alex Lawson and agency
from on (#67HNZ)

Firm said in October it had not paid any UK windfall taxes because of heavy investment in North Sea

Shell has revealed it will pay about $2bn (1.7bn) in UK and EU windfall taxes for the final quarter of 2022 - the first time it has paid UK tax for five years.

The oil company had previously sparked anger in October when it said it had not paid any UK windfall taxes because of heavy investment in the North Sea.

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