Quarterly report pursuant to Section 13 or 15(d)

Income Taxes

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Income Taxes
6 Months Ended
Jun. 30, 2024
Income Tax Disclosure [Abstract]  
Income Taxes INCOME TAXES
We recorded an income tax provision of $210 million and $319 million during the three and six months ended June 30, 2024, respectively, and an income tax provision of $363 million and $1.7 billion for the same periods of 2023, respectively, which was calculated using the annual effective tax rate method.
Our effective tax rate was 15.3% and 13.8% for the three and six months ended June 30, 2024, respectively, as compared to 17.5% and 17.1% for the same periods of 2023, respectively. The effective tax rate for the periods was lower than the statutory rate of 21.0% primarily due to CQP’s income that is not taxable to us.