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This excerpt taken from the MRO 10-Q filed Nov 7, 2007. United States E&P income decreased $71
million, or 33 percent, and $236 million, or 33 percent, in the third quarter
and first nine months of 2007 compared to the same periods of 2006. Pretax income decreased $117 million and $393
million in the same periods while the effective income tax rate remained
unchanged at 38 percent in the third quarter and decreased from 38 percent to
36 percent in the nine-month period. The
lower pretax income in both periods is primarily a result of revenue decreases
from lower liquid hydrocarbon and natural gas sales volumes, as discussed
above.
This excerpt taken from the MRO 10-Q filed Aug 7, 2007. United States E&P income
decreased $70 million, or 29 percent, in the second quarter of 2007 and
decreased $165 million, or 34 percent, in the first six months of 2007 compared
to the same periods of 2006. Pretax
income decreased $126 million and $276 million in the same periods and the
effective income tax rate decreased to 34 percent from 37
20 percent in the second quarter of 2006. The lower pretax income is primarily a result of revenue decreases from lower liquid hydrocarbon and natural gas sales volumes and liquid hydrocarbon realizations, as discussed above. This excerpt taken from the MRO 10-Q filed May 7, 2007. United States E&P income in the first quarter of 2007 decreased $95 million,
or 39 percent, compared to the first quarter of 2006. Pretax income decreased
$150 million and the effective income tax rate increased slightly from 37
percent to 38 percent. The decrease in pretax income was primarily the result
of revenue decreases from lower liquid hydrocarbon and natural gas sales volumes
and realized natural gas prices as discussed above.
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