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    Esso Win a Bonus for Oil and Gas producers

    Investing News Network
    May. 30, 2011 08:48AM PST
    Oil and Gas Investing

    Sydney Morning Herald reported that Esso’s recent legal battle over tax deductions has important implications for the industry.

    Sydney Morning Herald reported that Esso’s recent legal battle over tax deductions has important implications for the industry.

    The market news is quoted as saying:

    The Federal Court yesterday ruled in favour of most of Esso’s claim, but it rejected claims for contributions that an Esso subsidiary in Australia paid to a Houston-based research facility owned by its parent company.

    To read the full market news, click here.

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