The lowest payers

Range Resources
Revenue (Latest Year): $1.2 billion
Average Tax Rate: 0.4%

Although its sales hit $1.2 billion, Fort Worth's Range Resources (RRC) pays almost no taxes. CFO Roger Manny says the company incurred over $200 million in losses in the late 1990s and early 2000s. Those losses are still being absorbed and offset the company's tax bill. In addition, Range has spent hundreds of millions exploring—and discovering—new sources of oil and natural gas in places like Pennsylvania and Virginia. Under the tax code, Range can deduct the majority of these drilling costs from income in the year the costs are incurred, though earnings won't come until far down the line. President Obama's budget, however calls for the removal of that deal, along with other provisions that promote oil and gas exploration in the U.S.