Home > Forecasts and Analysis > Energy Finance > Performance Profiles of Major Energy Producers 2006 > Detailed Statistical Tables 2006 > Table B12
Performance Profiles Tables 2006
Table B12.  Composition of Income Taxes for FRS Companies, 2000-2006
                      (Million Dollars)
  2000 2001 2002 2003 2004 2005 2006
Income Taxes (as per Financial Statements)                                     
  Current Paid or Accrued:                                                   
    U.S. Federal, before Investment Tax Credit &
     Alternative Minimum Tax             		 11,705 8,812 390 7,516 16,147 24,808 25,210
    U.S. Federal Investment Tax Credit                    -129 -246 -245 -236 -201 -323 -127
    Effect of Alternative Minimum Tax                     -1,222 -632 69 -330 -459 -305 -146
    U.S. State & Local Income Taxes                       1,338 1,067 478 1,094 2,052 3,468 3,112
    Foreign Income Taxes                                                    
      Canada                                              1,765 1,139 1,236 1,567 2,381 3,428 3,110
      Europe1  6,972 6,371 5,576 6,700 11,072 15,328 19,193
      Former Soviet Union 2  30 144 43 158 127 471 1,040
      Africa                                              3,617 3,057 2,884 3,851 6,086 9,674 16,417
      Middle East                                         2,380 1,937 1,753 2,115 2,674 3,902 6,073
      Other Eastern Hemisphere                            2,214 1,676 1,674 2,763 3,017 3,488 5,396
      Other Western Hemisphere                            900 695 669 1,127 1,871 2,980 2,206
        Total Foreign                                     17,878 15,019 13,835 18,281 27,228 39,271 53,435
Total Current                                           29,570 24,020 14,527 26,325 44,767 66,919 81,484
Deferred                                                                  
    U.S. Federal, before Investment Tax Credit            3,168 2,403 241 4,770 2,222 1,530 6,753
    U.S. Federal Investment Tax Credit                    -78 -10 -18 -17 -17 -17 -14
    Effect of Alternative Minimum Tax                     1,233 650 -69 335 445 303 162
    U.S. State & Local Income Taxes                       221 26 76 310 93 100 925
    Foreign                                               910 567 -191 569 847 2,259 1,135
Total Deferred                                          5,454 3,636 39 5,967 3,590 4,175 8,961
Total Income Tax Expense                                  35,024 27,656 14,566 32,292 48,357 71,094 90,445
Reconciliation of Accrued U.S. Federal
Income Tax Expense To Statutory Rate		              
    Consolidated Pretax Income/(Loss)                     86,702 68,246 36,171 89,522 128,969 187,932 219,908
    Less: Foreign Source Income not Subject to U.S. Tax 13,355 8,918 8,816 17,818 28,635 38,441 29,496
    Equals: Income Subject to U.S. Tax                    73,347 59,328 27,355 71,704 100,334 149,491 190,412
    Less: U.S. State & Local Income Taxes                 1,497 895 345 955 2,092 3,584 3,990
    Less: Applicable Foreign Income Taxes Deducted        353 82 252 315 330 573 1,618
    Equals: Pretax Income Subject to U.S. Tax             71,497 58,351 26,758 70,434 97,912 145,334 184,804
    Tax Provision Based on Previous Line                  25,032 20,438 9,363 24,657 33,943 50,846 64,650
     Increase/(Decrease) in Taxes Due To:  
       Foreign Tax Credits Recognized -9,787 -8,513 -7,283 -11,385 -14,646 -22,659 -31,012
       U.S. Federal Investment Tax Credit Recognized       -129 -486 -245 -257 -239 -418 -336
       Statutory Depletion                                 -3 -1 -3 -6 -6 -10 -10
       Effect of Alternative Minimum Tax                     11 16 0 0 -13 0 5
       Other                                                 -447 -582 -1,462 -963 -898 -1,755 -1,462
Actual U.S. Federal Tax Provision (Refund)                14,677 10,872 370 12,046 18,141 26,004 31,835
  1 Prior to 2006, this region comprised of European member countries of the OECD.
  2 Prior to 2006, this region comprised of the Former Soviet Union and East Europe.
  Source: Energy Information Administration, Form EIA-28 (Financial Reporting System).