Just the facts about the Effective Tax Rate for Oil & Gas Companies

Just the facts about the Effective Tax Rate for Oil & Gas Companies

Budget & Tax  | Research & Analysis
Apr 21, 2014  | 43 sec read

The effective tax rate (ETR) sounds like it measures what oil companies are paying to Uncle Sam. What a company’s ETR actually measures is the total amount of tax it expects to pay on a year’s worldwide income, including all local, state, national and foreign income taxes that are either owed currently or have been deferred to later years. It is not a measure of how much federal income tax the company owes the U.S. government.

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