• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, September 11, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Chevron Pays $6.25bn In Taxes To Nigeria, Others

by Chika Izuora
12 months ago
in Business
Reading Time: 2 mins read
chevron
Share on WhatsAppShare on FacebookShare on XTelegram

Oil major Chevron Corp. has confirmed paying $6.25 billion in taxes and shared oil production to Nigeria, Angola, and Equatorial Guinea in 2023, three times more than the company paid to the US government.

Advertisement

Chevron revealed the figures for the first time in a filing under Section 1504 of the Dodd Frank Act, which was finalised in 2020 and had a publication deadline of this week.

Australia, where Chevron operates giant liquefied natural gas operations, topped the tax list, receiving $3.98 billion. Chevron’s US tax and royalty bill was $1.99 billion despite the company producing more oil and gas in the nation than anywhere else.

Advocates for tax transparency have been calling for US oil companies to reveal their payments to host country governments for many years, arguing the disclosure is essential to avoiding corruption. European and Australian commodity producers have been publishing their payments for several years, but their US counterparts lobbied the Securities and Exchange Commission against such a rule.

“Civil society is really excited to see disclosure after 15 years of intense fighting and lobbying by the US oil and gas industry,” said senior policy advisor for natural resource justice at Oxfam America, Aubrey Menard.

The disclosures “will allow us to see what we’re actually receiving in exchange for our natural resources, whether it’s a fair deal or if we’re subsidising our own extinction.”

RELATED

Afrinvest Unveils Halal Fund For Interest-free, Ethical Investing

Nigeria Needs 21. 95% Growth Rate For $1tn Economy By 2031 – Afrinvest

58 minutes ago
Equities Market Opens Week In Decline With N111bn Loss

Explore Capital Market Investment Opportunities, SEC DG Urges Graduating Cadets

1 hour ago

The US is rare in allowing private individuals to own the minerals underneath their land, so it tends to collect lower royalty payments than other countries where the resources are owned by the government.

“Chevron complies with all legal and contractual requirements in jurisdictions where the company operates,” company spokesman Bill Turenne said in an emailed statement. “Chevron supports well-designed financial disclosure requirements and will continue to work with relevant government agencies toward transparency and accountability between governments and the oil and gas industry.”

Join Our WhatsApp Channel

Tags: Chevron Nigeria
SendShare10173Tweet6358Share
ADVERTISEMENT
Previous Post

Alumni To Unveil Multimillion Naira Sports Centre

Next Post

inDrive Marks 5bn Deals Milestone Achievement

Chika Izuora

Chika Izuora

You May Like

Afrinvest Unveils Halal Fund For Interest-free, Ethical Investing
News

Nigeria Needs 21. 95% Growth Rate For $1tn Economy By 2031 – Afrinvest

2025/09/11
Equities Market Opens Week In Decline With N111bn Loss
Business

Explore Capital Market Investment Opportunities, SEC DG Urges Graduating Cadets

2025/09/11
CBN Grants RoutePay Licence To Provide Digital Payment Solutions
Business

CBN Drives Inclusive, Secure Financial Ecosystem With Payments System Vision 2028

2025/09/11
i-FAIR3: Israel Seeks Partnership With Federal Govt To Create 1m Jobs
Business

Tripoint Travels Tackle Youth Unemployment Through Internship Programme

2025/09/11
Interswitch Hosts Revenue Boards Chairmen Across Northern States
Business

Interswitch Drives Public Sector Transformation With E-invoicing Solutions

2025/09/11
Niger To Fund N613bn Budget With N298bn Loan
Business

Niger Gives ICAN N150m For Training School

2025/09/11
Leadership Conference advertisement

LATEST

France Mulls Social Media Ban For Children Under 15

‘Saudi Pro League On Same Level With Premier League’

Kane Highlights England’s Victory Over Serbia As Template For Future Success

Kano Pillars Welcome Ahmed Musa Back To Training Ahead Of Rangers Crucial Clash

IAWPA Hails Amb. Festus Okoye For Championing UN’s Sustainable Development Goals

Cape Verde Set For World Cup Qualification

Odigie Advocates For Improvement In NPFL Standards

CAF Appoints Ivorien Officials For Asante Kotoko Vs Kwara United Clash

ABS FC Appoints Yusuf Salihu As Head Coach

Nigerian U-20 Captain Daniel Joins Slovenian Club, ND Primorje

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.