The energy giant reports a 15% decline in payments to governments from upstream oil and gas operations year-over-year.
Shell disclosed a 15% drop in payments to governments in 2025, totaling $23.8 billion. The figure includes taxes, royalties, production entitlements, and fees tied to its global upstream activities.
The decline contrasts with prior-year levels, reflecting lower commodity prices and reduced production volumes. Payments cover national and local authorities where Shell operates.
No immediate market reaction was specified in the report.