Tax Policy

Tax_Subsidies_Feature_06-2014

European energy economics

Posted: July 18, 2014 by Ken Cohen

A new study measures the scope of energy industry subsidies on the other side of the Atlantic.

How much do Americans pay for gasoline, and how does that compare to what consumers around the world pay for their fuel?


The federal government spends a lot of money each year on a variety of energy programs and tax expenditures – $19.8 billion in 2013, according to the Congressional Budget Office. So who gets what?

In 2013 ExxonMobil earned about 5.5 cents for every gallon of gasoline and other petroleum products we refined, shipped, and sold in the United States. The federal, state, and local governments collected 40 to 60 cents per gallon in taxes.


earnings graphic

A look at ExxonMobil in 2013

Posted: January 31, 2014 by Ken Cohen

ExxonMobil closed the books on a strong performance in 2013 with our year-end earnings announcement. Here are some of the highlights.

The Center for American Progress has a nearly perfect record in its pronouncements about the tax treatment of the oil and gas industry. Without exception, they are always wrong.