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Shell pays just $8m tax on annual production in UK North Sea

THE TIMES

Shell pays just $8m tax on annual production in UK North Sea

Shell made net tax payments of $8 million for its UK North Sea operations last year — less than it paid its outgoing chief executive.

The London-listed oil and gas major said it had incurred a $134 million tax bill under Britain’s “energy profits levy” windfall tax in respect of its 2022 profits.

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