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Income Taxes

Income Taxes news and technical articles from Oil & Gas Journal. Search Income Taxes latest and archived news and articles

  1. EPRINC: Cap and trade will hurt and help oil industry

    Magazine Articles

    Mon, 18 Aug 2008

    taxes, particularly corporate income taxes , petroleum firms would share in the benefit ..... reductions in social security or income taxes . Such refashioning of the tax ..... taxes, particularly corporate income taxes , petroleum firms would share in

  2. Senate Democrats target biggest oil companies with proposed tax hikes

    Magazine Articles

    Mon, 16 May 2011

    of 27%," Mulva said. In 2010, he continued, ConocoPhillips's taxes ($8.3 billion in income taxes and $3.1 billion in non- income taxes ) equaled its $11.4 billion of income. A better approach "Obviously, we think opening America

  3. First-quarter results vary as oil, gas prices diverge

    Magazine Articles

    Mon, 30 May 2011

    Revenues were $114 billion, and capital and exploration expenditures totaled $7.821 billion for the 3 months. Income taxes for the quarter were $8 billion. Upstream earnings outside the US climbed 57% from a year earlier to $7.4 billion

  4. Being right would make the righteous more persuasive

    Magazine Articles

    Mon, 19 Mar 2012

    incorrect. The American Petroleum Institute reports Compustat North America data showing oil and gas companies pay income taxes at an effective rate of 41.1%. For industrial companies excluding oil and gas companies, the effective rate is

  5. Being right would make the righteous more persuasive

    Online Articles

    Fri, 9 Mar 2012

    incorrect. The American Petroleum Institute reports Compustat North America data showing oil and gas companies pay income taxes at an effective rate of 41.1%. For industrial companies excluding oil and gas companies, the effective rate is 26

  6. Leading with energy

    Magazine Articles

    Mon, 24 Oct 2011

    average per-barrel earning rates implied by Energy Information Administration data and a top rate of 35%, corporate income taxes alone would increase by $5.4 billion/year. And 1.2 million new workers earning the US average wage of $41

  7. Senate Democrats target biggest oil firms with tax hikes

    Online Articles

    Wed, 11 May 2011

    27%,” Mulva said. In 2010, he continued, ConocoPhillips’s taxes ($8.3 billion in income taxes and $3.1 billion in non- income taxes ) equaled its $11.4 billion of income. A better approach “Obviously, we think opening America’s energy

  8. Fairness and elitism

    Magazine Articles

    Mon, 3 Oct 2011

    Compustat, the American Petroleum Institute reports that income tax expense in 2010 as a share of net income before income taxes averaged 41.1% for oil and gas companies. For Standard & Poor's industrial companies in other businesses, the

  9. Survey: US public underestimates role of oil, gas in energy future

    Online Articles

    Mon, 29 Jun 2009

    respondents knew that oil companies pay more than 40% in income taxes as a share of their income. The majority thought that ..... the misconception that companies pay less than 15% in income taxes .” The complete survey and more information are available

  10. Higher spill tax could come on top of other hikes, API warns

    Magazine Articles

    Mon, 6 Dec 2010

    and gas industry's paying 2009 income taxes at a 48.4% effective rate ..... companies paid $300 billion in income taxes from 2004 to 2008, not including ..... use, property, and other non- income taxes , or $350 billion in petroleum

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