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Table T4.  Composition of Income Taxes for FRS Companies, 2001-2007
                   (Million 2007 Dollars)
  2001 2002 2003 2004 2005 2006 2007
Income Taxes (as per Financial Statements)                                     
  Current Paid or Accrued:                                                   
    U.S. Federal, before Investment Tax Credit &
     Alternative Minimum Tax             		 10,311 449 8,463 17,674 26,296 25,888 24,692
    U.S. Federal Investment Tax Credit                    -288 -282 -266 -220 -342 -130 -50
    Effect of Alternative Minimum Tax                     -739 79 -372 -502 -323 -150 87
    U.S. State & Local Income Taxes                       1,248 550 1,232 2,246 3,676 3,196 3,010
    Foreign Income Taxes                                                    
      Canada                                              1,333 1,421 1,764 2,606 3,634 3,194 3,045
      Europe1  7,455 6,412 7,544 12,119 16,248 19,709 16,277
      Former Soviet Union 2  168 49 178 139 499 1,068 1,793
      Africa                                              3,577 3,317 4,336 6,662 10,254 16,859 16,901
      Middle East                                         2,266 2,016 2,382 2,927 4,136 6,236 8,753
      Other Eastern Hemisphere                            1,961 1,925 3,111 3,302 3,697 5,541 5,725
      Other Western Hemisphere                            813 769 1,269 2,048 3,159 2,265 2,126
        Total Foreign                                     17,574 15,910 20,585 29,804 41,627 54,873 54,620
Total Current                                           28,105 16,706 29,643 49,002 70,934 83,676 82,359
Deferred                                                                  
    U.S. Federal, before Investment Tax Credit            2,812 277 5,371 2,432 1,622 6,763 2,526
    U.S. Federal Investment Tax Credit                    -12 -21 -19 -19 -18 -14 1
    Effect of Alternative Minimum Tax                     761 -79 377 487 321 166 -45
    U.S. State & Local Income Taxes                       30 87 349 102 106 940 71
    Foreign                                               663 -220 641 927 2,395 1,163 -411
Total Deferred                                          4,254 45 6,719 3,930 4,425 9,018 2,142
Total Income Tax Expense                                  32,360 16,751 36,362 52,931 75,359 92,695 84,501
Reconciliation of Accrued U.S. Federal
Income Tax Expense To Statutory Rate		              
    Consolidated Pretax Income/(Loss)                     79,854 41,597 100,805 141,169 199,207 225,310 207,444
    Less: Foreign Source Income not Subject to U.S. Tax 10,435 10,138 20,064 31,344 40,747 30,280 27,173
    Equals: Income Subject to U.S. Tax                    69,419 31,458 80,741 109,825 158,460 195,030 180,271
    Less: U.S. State & Local Income Taxes                 1,047 397 1,075 2,290 3,799 4,087 2,888
    Less: Applicable Foreign Income Taxes Deducted        96 290 355 361 607 1,662 1,182
    Equals: Pretax Income Subject to U.S. Tax             68,276 30,772 79,311 107,174 154,054 189,281 176,201
    Tax Provision Based on Previous Line                  23,914 10,767 27,765 37,154 53,897 66,216 61,657
     Increase/(Decrease) in Taxes Due To:  
       Foreign Tax Credits Recognized -9,961 -8,375 -12,820 -16,031 -24,018 -31,846 -33,350
       U.S. Federal Investment Tax Credit Recognized       -569 -282 -289 -262 -443 -345 -132
       Statutory Depletion                                 -1 -3 -7 -7 -11 -10 -36
       Effect of Alternative Minimum Tax                     19 0 0 -14 0 5 25
       Other                                                 -681 -1,681 -1,084 -983 -1,860 -1,499 -953
Actual U.S. Federal Tax Provision (Refund)                12,721 426 13,564 19,857 27,564 32,520 27,211
  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).