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Fossil fuel companies big winners from Trump's tax overhaul
2/2/2018

Fossil fuel companies from explorers to refiners and pipeline firms are expected to get a profitability boost from the tax overhaul, with the likes of Valero Energy, Marathon Petroleum, ConocoPhillips and EOG Resources already posting billions of dollars in tax gains. The tax cuts prompted ExxonMobil to announce $50 billion in investments in the US over five years, while smaller drillers such as Murphy Oil will enjoy lower taxes on drilling in the Gulf of Mexico and Texas.

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