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18 August 2017

Chevron Australia has reached agreement with the Australian Taxation Office on the loan transfer pricing dispute and have withdrawn our appeal to the High Court. Chevron believes the agreed terms are a reasonable resolution of the matter and are not expected to have a material impact on the year to date results of the company.

19 May 2017

Chevron Australia has decided to seek special leave to appeal to the High Court of Australia in relation to its financing dispute with the Australian Taxation Office. 

As recognized by the Federal Court, Chevron Australia’s financing is a legitimate business arrangement, and the parties differ only in their assessments of the appropriate interest rate to apply. 

Chevron Australia pays a substantial amount of tax in Australia, including royalties, payroll tax, fringe benefits tax, excise and interest withholding tax.  Since 2009, we’ve paid about $4.5 billion in federal and state taxes and royalties. 

We are one of Australia’s largest investors and employers. In addition to tax payments, Chevron will continue to deliver substantial economic benefits for decades to come.

21 April 2017

Chevron is disappointed in today’s decision of the Federal Court of Australia regarding its financing dispute with the Australian Taxation Office. We will review the decision to determine next steps, which may include an appeal to the High Court of Australia.

As recognized by the trial court in the dispute, the financing is a legitimate business arrangement and the parties differ only in their assessments of the appropriate interest rate to apply.

Chevron Australia pays a substantial amount of tax in Australia, including royalties, payroll tax, fringe benefits tax, excise and interest withholding tax. Since 2009, we’ve paid almost $4 billion in federal and state taxes and royalties.

We are one of Australia’s largest investors and employers. In addition to tax payments, Chevron will continue to deliver substantial economic benefits for decades to come.

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+61 (8) 9485 5695

Tax Transparency
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Tax Transparency Fact Sheet