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ExxonMobil Australia - Tax Facts

With a total investment of more than $20 billion, of which 70 per cent has been invested over the past 5 years, we are a substantial investor in the Australian economy and a major contributor to the wealth of the nation.

Since 1990, when Petroleum Resources Rent Tax (PRRT) was first applied to the Gippsland Basin, Esso Australia has paid over $12 billion in this tax alone. This is on average more than $450 million paid to the Federal Government each year for nearly a quarter of a century.

Over the last 12 years, ExxonMobil Australia paid over $7 billion in profit taxes. This has equated to an effective tax rate on profit of over 50 per cent on ExxonMobil Australia group of companies profits.