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Chevron Paid Five Times More Taxes Abroad Than at Home in 2023

Chevron Paid Five Times More Taxes Abroad Than at Home in 2023

Chevron paid three times more in taxes in three African countries than it did at home, a Dodd-Frank Act disclosure has revealed. The supermajor paid some $6.25 billion in taxes and production sharing to Nigeria, Angola, and Equatorial Guinea last year, Bloomberg reported, citing the disclosure. At home, Chevron’s tax bill stood at $1.99 billion. The biggest single foreign beneficiary of Chevron tax money, however, was Australia’s revenue service thanks to the Wheatstone and Gorgon liquefied natural gas projects. The company’s…

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