Notes From Around The World by an Oilfield Troubleshooter
Thursday, August 16, 2012
Oil Companies and Taxes
Every quarter we read about the record profits made by oil companies, but rarely do you hear about the taxes they pay. The chart below is a summary of taxes paid and profits by ExxonMobil.
You are welcome. I'm not sure if this chart included royalties paid as a tax. It's a good thing to remember that the second biggest source of revenue to the government is royalties paid on oil and gas extracted from federal lands.
But... but... "THEY" said EM paid NO taxes... That can't be right... Thanks for putting the TRUTH out there!
ReplyDeleteYou are welcome. I'm not sure if this chart included royalties paid as a tax. It's a good thing to remember that the second biggest source of revenue to the government is royalties paid on oil and gas extracted from federal lands.
ReplyDelete