US upstream and tax reform

Using its Global Economic Model, Wood Mackenzie recently modeled the impacts of a lowered corporate tax rate on US exploration and production companies. WoodMac found that the cut in the corporate tax rate to 21% from 35% could provide value to US E&Ps with profitable assets seeing large increases. Including all minor interests, modeled assets show a post-tax value increase of 19% or $190.4 billion.

Xu Usethis
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