Thursday, November 16, 2017

Big 2 US Oil (ExxonMobil and Chevron) Total US Federal Effective Tax Rate Paid In Most Recent Five Years Was Only 14.6%, a Massive 20.4% Below the US Federal Statutory Tax Rate of 35% ...................................................................................... The Free-Spending Trump Administration Reacts By Irrationally Trying To Force the US Senate To Lower US Federal Income Taxes on Large Corporations By Another 43% By Reducing the Statutory US Federal Income Tax Rate From 35.0% to 20.0% ...................................................................................... ExxonMobil Also Has $54 Bil and Chevron Has $46 Bil of Foreign Earnings They Will Both Be Able to Repatriate Cheaply Under the Trump Tax Proposal

Based on a review of their audited annual income tax footnotes filed with the SEC, below are the US Federal Tax Paid along with the US Pretax Income of both of the Big 2 US Oil:
















Total Total
















5 Years 5 Years 5 Years

2016 2016
2015 2015
2014 2014
2013 2013
2012 2012
2012-16 2012-16 2012-16

US US
US US
US US
US US
US US
US US Effective

Tax Pretax
Tax Pretax
Tax Pretax
Tax Pretax
Tax Pretax
Tax Pretax US Tax

Paid Income
Paid Income
Paid Income
Paid Income
Paid Income
Paid Income Rate Paid

mils $s mils $s
mils $s mils $s
mils $s mils $s
mils $s mils $s
mils $s mils $s
mils $s mils $s



















ExxonMobil      (173)     (5,832)
         38        147
    1,461     9,080
    1,110     9,746
    1,880   11,222
    4,316   24,363 17.7%
Chevron      (623)     (4,317)          (817)   (2,877)
       748     6,296
         15     4,672
    1,703     8,456
    1,026   12,230 8.4%



















Total      (796)   (10,149)
     (779)   (2,730)
    2,209   15,376
    1,125   14,418
    3,583   19,678
    5,342   36,593 14.6%