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ExxonMobil, Chevron, Shell paid no tax in Australia for 2016

Reuters  |  MELBOURNE 

By Sonali PaulMELBOURNE (Reuters) - Exxon Mobil Corp and Chevron Corp paid no tax in Australia in the 2016 financial year, the third year in a row, despite reporting billions of dollars in income from operations in the country, a report from the tax office showed on Thursday. Exxon Mobil, which has oil and gas production in the Bass Strait and a stake in the giant Gorgon LNG project among other assets in Australia, reported A$6.7 billion ($5.0 billion) in income, but it reported a loss for taxable income and paid no tax, similar to the previous two years. Exxon said it had no taxable income ...

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First Published: Thu, December 07 2017. 16:43 IST