Shell Posts $163 Million Quarterly Global Minimum Tax Charge

Shell booked a global minimum tax charge of $163 million in the first three months of 2026, the company disclosed in its quarterly earnings Thursday.

The tax charge, which aims to ensure that Shell pays a minimum 15% corporate income tax wherever it books income, represents a steep rise on the $59 million the oil and gas company paid in the first quarter of 2025.

• The UK-headquartered group’s total tax charge for the first quarter of 2026 was $3.57 billion, down from $4.08 billion in the same period last year.
• Shell disclosed a $298 million global minimum tax ...