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During the years in issue, petitioners constituted an
affiliated group of more than 175 U.S. and 500 foreign subsidiary
corporations. At the time the petitions were filed, petitioner
Exxon Corp. was the common parent of the affiliated group,
incorporated in New Jersey, with its principal places of business
located in New York, New York, or Houston, Texas. Hereinafter,
petitioners will be referred to simply as Exxon.3
The businesses in which Exxon was engaged primarily involved
exploration for and production, refining, transportation, and
sale of crude oil, natural gas, and other petroleum products.
During the years in issue, Exxon owned a 22-percent interest in
the Prudhoe Bay Unit, a partnership of international oil and gas
companies that owned and operated oil and gas leases in the
Prudhoe Bay oil field on the North Slope of Alaska.
Location of Prudhoe Bay Oil Field
The Prudhoe Bay oil field is located in an extremely remote
area 250 miles above the Arctic Circle on the North Slope of
Alaska. It is bounded by the Beaufort Sea on the north, the
Arctic National Wildlife Refuge on the east, the Brooks Mountain
Range on the south, and the Bering Sea on the west.
3 The parties appear to disagree as to Exxon’s principal
place of business during the years in issue. If this question
cannot be resolved by the parties by way of a post-opinion
stipulation, it will be resolved in a Rule 155 hearing.
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Last modified: May 25, 2011