Petroleum Fuels

Even in a rapidly changing marketplace, America runs on petroleum fuels. And fuel companies face different challenges — and opportunities — than other parts of the downstream oil and gas industry. With more than 70 years of experience in the industry, Weaver understands how to help you succeed.

For decades, Weaver has been known for its energy compliance services related to helping businesses navigate compliance with evolving transportation fuels regulations. Our team of CPAs, professional engineers (PEs), chemists and environmental lawyers bring comprehensive knowledge to our clients. Not only are we able to help with the corporate aspects of running a business for the fuels industry, we have deep expertise surrounding the industry from an operational standpoint – including fuels blending and product quality. We assist fuel companies of all sizes and all markets, from refiners and importers of gasoline and diesel fuels, transmix processers, marketers and retailers. 

Key services and areas of focus include:

• Consulting and compliance assistance related to various transportation fuels programs
• Attest engagements and compliance audits required by various fuels programs
• Motor fuels and excise tax consulting and compliance
• Environmental, Social and Governance (ESG) reporting

What Makes Weaver Different?

• Dedicated audit/tax planning for efficient engagements, minimizing requests to your staff and providing a high level of partner interaction
• Consistent industry teams that understand your business, industry and market conditions
• Involvement in oil and gas organizations - we have a vast network and focus on referrals
• Global, full service offerings for the energy space
• Consultative approach, not just compliance-driven
• Boots on the ground, with a large presence in the communities we serve
• Private equity focus: investor confidence, deadline-driven, efficiency
• Commitment to staff development with specialized training on the energy side

How Can Weaver Help You?

State & Local Tax Services

• Tax overpayment recovery and audit defense
• Sales and use tax consulting and compliance
• Property tax consulting and compliance
• Income and franchise tax consulting and compliance
• Compliance automation, outsourcing and co-sourcing
• Corporate relocation services
• Motor fuels and excise tax

International Tax Services 

• U.S. investment overseas
• Foreign tax
• Expatriate and global mobility services
• Foreign investment in U.S.

Federal Tax Services and Strategic Planning

• Private client services
• Business tax services
• Tax M&A and due diligence
• R&D tax credits
• Federal and state tax credit reviews (oil & gas)
• Strategic tax planning
  • Carried interest analysis 
  • Motor fuels and excise credits
  • Energy compliance services coordination and value-add
  • Institutional and foreign investor structuring 
  • Rate arbitrate transactional analysis (ordinary vs. capital gains) 
  • Focus on management team tax implications and planning 
  • Life-cycle focused tax strategy (acquisition, operational, disposition) 

Assurance and Advisory Services

• Financial statement audits, reviews and compilations
• Agreed-upon procedures
• Pre-IPO consulting
• Risk management and internal audit
• Environmental, Social and Governance (ESG) reporting
• Energy and fuels compliance
• Cybersecurity and IT consulting
• Digital oilfield process automation and data analytics
• Technical accounting
• Outsourced accounting
• Valuation and transaction due diligence service