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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. 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

  2. Gas prices, other factors indicate changes in North American/shale play fiscal systems

    Magazine Articles

    Mon, 4 Apr 2011

    Royalties were similar. Canada had higher corporate income taxes , but the US had severance taxes and significant property ..... combined rate of about 38.5% for federal and state income taxes . Secondly, several Canadian provinces created significant

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

  4. ConocoPhillips's Mulva: Natural gas a 'job-creation machine'

    Magazine Articles

    Mon, 4 Oct 2010

    But oil and gas is a heavily taxed industry through income taxes , lease bonus payments, royalties, and severance taxes ..... But oil and gas is a heavily taxed industry through income taxes , lease bonus payments, royalties, and severance taxes

  5. 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

  6. 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

  7. 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

  8. Obama keeps pledge to end oil tax incentives in 2012 budget request

    Online Articles

    Mon, 14 Feb 2011

    the nation’s largest job creators and delivers enormous revenues to government at all levels. The industry pays income taxes , royalties and other fees totaling nearly $100 million every day and pays income tax at an effective rate

  9. 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

  10. 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

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