Sources: DefenseTech, BAE Systems
quote: The top three oil companies in the United States are ExxonMobil, ConocoPhillips and Chevron. According to the SEC filings of those companies, as analyzed by Forbes, ExxonMobil’s pretax income in 2010 was $52 billion, from which it paid $21.6 billion in income taxes worldwide, leaving a net income of $30.5 billion. That equals a tax rate of 45 percent, which is 10 percent above the statutory corporate rate of 35 percent.ConocoPhillips earned $19.8 billion in pretax income in 2010 and it paid $8.3 billion in taxes, leaving $11.4 billion in income. That equals a tax rate of 42 percent. Chevron made $32 billion and then paid $12.9 billion in income taxes, leaving a net income of $19.1 billion, which equals a tax rate of 40 percent.ExxonMobil’s total tax bill, worldwide, was $89 billion in 2010, comprised mostly of sales and excise taxes. ConocoPhillips, for comparison, paid an additional $16.8 billion in “other taxes” beyond its income taxes, reported Forbes, and Chevron paid an additional $18.2 billion in “other taxes” in 2010.