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Advance Performance Profiles Tables 2005
Table B12.  Composition of Income Taxes for FRS Companies, 1999-2005
                      (Million Dollars)
  1999 2000 2001 2002 2003 2004 2005
Income Taxes (as per Financial Statements)                                     
  Current Paid or Accrued:                                                   
    U.S. Federal, before Investment Tax Credit &
     Alternative Minimum Tax             		 1,375 11,705 8,812 390 7,516 16,147 24,808
    U.S. Federal Investment Tax Credit                    -90 -129 -246 -245 -236 -201 -323
    Effect of Alternative Minimum Tax                     445 -1,222 -632 69 -330 -459 -305
    U.S. State & Local Income Taxes                       371 1,338 1,067 478 1,094 2,052 3,468
    Foreign Income Taxes                                                    
      Canada                                              597 1,765 1,139 1,236 1,567 2,381 3,428
      Europe and Former Soviet Union 1  3,110 7,002 6,515 5,619 6,858 11,199 15,799
      Africa                                              1,607 3,617 3,057 2,884 3,851 6,086 9,674
      Middle East                                         1,286 2,380 1,937 1,753 2,115 2,674 3,902
      Other Eastern Hemisphere                            1,679 2,214 1,676 1,674 2,763 3,017 3,488
      Other Western Hemisphere                            346 900 695 669 1,127 1,871 2,980
        Total Foreign                                     8,625 17,878 15,019 13,835 18,281 27,228 39,271
Total Current                                           10,726 29,570 24,020 14,527 26,325 44,767 66,919
Deferred                                                                  
    U.S. Federal, before Investment Tax Credit            1,480 3,168 2,403 241 4,770 2,222 1,530
    U.S. Federal Investment Tax Credit                    -14 -78 -10 -18 -17 -17 -17
    Effect of Alternative Minimum Tax                     -415 1,233 650 -69 335 445 303
    U.S. State & Local Income Taxes                       136 221 26 76 310 93 100
    Foreign                                               -1,075 910 567 -191 569 847 2,259
Total Deferred                                          112 5,454 3,636 39 5,967 3,590 4,175
Total Income Tax Expense                                  10,838 35,024 27,656 14,566 32,292 48,357 71,094
Reconciliation of Accrued U.S. Federal
Income Tax Expense To Statutory Rate		              
    Consolidated Pretax Income/(Loss)                     33,837 86,702 68,246 36,171 89,522 128,969 187,932
    Less: Foreign Source Income not Subject to U.S. Tax 2,160 13,355 8,918 8,816 17,818 28,635 38,441
    Equals: Income Subject to U.S. Tax                    31,677 73,347 59,328 27,355 71,704 100,334 149,491
    Less: U.S. State & Local Income Taxes                 486 1,497 895 345 955 2,092 3,584
    Less: Applicable Foreign Income Taxes Deducted        107 353 82 252 315 330 573
    Equals: Pretax Income Subject to U.S. Tax             31,084 71,497 58,351 26,758 70,434 97,912 145,334
    Tax Provision Based on Previous Line                  10,902 25,032 20,438 9,363 24,657 33,943 50,846
     Increase/(Decrease) in Taxes Due To:  
       Foreign Tax Credits Recognized -5,963 -9,787 -8,513 -7,283 -11,385 -14,646 -22,659
       U.S. Federal Investment Tax Credit Recognized       -98 -129 -486 -245 -257 -239 -418
       Statutory Depletion                                 -8 -3 -1 -3 -6 -6 -10
       Effect of Alternative Minimum Tax                     23 11 16 0 0 -13 0
       Other                                                 -2,068 -447 -582 -1,462 -963 -898 -1,755
Actual U.S. Federal Tax Provision (Refund)                2,788 14,677 10,872 370 12,046 18,141 26,004
  1 OECD Europe combined with the former Soviet Union and Eastern Europe to avoid disclosure. 
  Source: Energy Information Administration, Form EIA-28 (Financial Reporting System).