Friday, November 24, 2017

US Next 9 Largest Oil & Gas Companies After ExxonMobil and Chevron Paid Total US Federal Income Tax Rate of 23.8% in the Most Recent Five Years, 11.2% Below the Statutory US Federal Income Tax Rate on Large Corporations of 35.0% ...................................................................................... The Free-Spending Trump Administration Reacts By Irrationally Trying To Force the US Senate To Lower US Federal Income Taxes on These Large Corporations By Another 43% By Reducing the Statutory US Federal Income Tax Rate From 35.0% to 20.0%

Based on a review of their audited annual financial statements and income tax footnotes filed with the SEC, below is the US Federal Income Tax Paid along with the related US Pretax Income for each of the 11 Largest Oil & Gas Companies (All with Stock Market Caps Above $30 Bil) for the most recent five years:
















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
Oil & Gas 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
US Big 2

















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%



















Next 9 Largest

















Schlumberger      (511)     (3,103)
         90      (691)
       718     1,990
       682     1,904
       698     1,980
    1,677       2,080 80.6%
ConocoPhillips          (9)     (4,410)
     (718)   (4,150)
       188     2,310
       724     5,046
         63     4,070
       248       2,866 8.7%
EOG Resources          12     (1,520)
         22   (6,840)
       269     5,161
       208     3,269
       243     1,988
       754       2,058 36.6%
Occidental Petroleum      (784)     (2,698)
     (810)   (5,810)
       870      (732)
       113     3,399
     (308)        852
     (919)     (4,989) NM
Phillips 66      (105)       1,713
    1,128     4,983
    1,661     5,121
    1,054     5,158
    1,967     6,192
    5,705     23,167 24.6%
Kinder Morgan      (148)       1,466
     (125)        611
       (16)     2,941
         57     3,107
         48     1,246
     (184)       9,371 -2.0%
Halliburton      (737)     (6,636)
     (635)   (1,560)
       959     3,020
       245     1,070
       695     2,826
       527     (1,280) NM
Valero Energy Corp        294       1,733
    1,513     5,327
    1,196     4,677
       635     3,531
       515     4,015
    4,153     19,283 21.5%
Marathon Petroleum        189       1,822
    1,210     4,374
    1,382     3,835
       954     3,246
    1,185     5,238
    4,920     18,515 26.6%



















Total all Next 9 Largest   (1,799)   (11,633)
    1,675   (3,756)
    7,227   28,323
    4,672   29,730
    5,106   28,407
  16,881     71,071 23.8%