Insight
Impact of Biden tax plan on upstream oil and gas: from the simple to highly complex
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Would the Biden tax plans deter oil and gas investment? Will new discoveries be double taxed if a minimum book tax is implemented? What will be the financial impact on existing US assets, and where will assets be impacted the most? In this insight, we explore the impact of the Biden corporate tax increase on US assets, the complexities and implications of taxing book profits, and the resulting competitiveness of the Gulf of Mexico.
Table of contents
- Executive summary
- A trio of tax changes may impact oil and gas
- Corporate tax rate comparison
- Increased corporate tax rate impact on upstream oil and gas
-
Minimum book tax
- Book earnings vs taxable earnings
- Minimum book tax example
- Other effects of a minimum book tax
- Conclusions
Tables and charts
This report includes the following images and tables:
-
Historical statutory corporate income tax rates (selected countries)Current statutory and effective marginal tax rates (selected countries)Increased corporate income tax impact on existing US assetsUS terms change standard deepwater full-cycle comparisonExploration success book earnings tax example
What's included
This report contains:
Other reports you may be interested in
Asset Report
Kraka
Kraka is a small oil and gas field eight kilometres to the southwest of the Dan field in the Central Graben of the Danish North ...
$3,720
Country Report
Saudi Arabia upstream summary slides
To complement our more detailed Saudi Arabia upstream summary we provide a slide-pack of the key issues.
$5,700
Insight
Tariff turmoil: how big a cost hit will US oil and gas operators take?
We assess the impact of the Trump administration's 2025 tariff policies on the US upstream oil and gas sector.
$1,350
