Exxon earns nearly $11 billion in fir...

Exxon earns nearly $11 billion in first quarter, best since '08

There are 15 comments on the TwinCities.com story from Apr 28, 2011, titled Exxon earns nearly $11 billion in first quarter, best since '08. In it, TwinCities.com reports that:

Exxon earned nearly $11 billion in the first quarter, a performance likely to land it in the center of the national debate over high gasoline prices.

Join the discussion below, or Read more at TwinCities.com.

wtf

Minneapolis, MN

#1 Apr 28, 2011
Wonder what the tax rate that Exxon paid.
gdpcon

Plymouth, MN

#2 Apr 28, 2011
wtf wrote:
Wonder what the tax rate that Exxon paid.
Go to a recent article in Forbes from IRS data; 43% of revenue was their tax liability in tax year 2009. Similar reeults were seen at Chevron, etc.
Im Thinkin

Saint Paul, MN

#3 Apr 28, 2011
Im all for making a healthy profit and bottom line but this is ****** way out of line.
tom

Owatonna, MN

#4 Apr 28, 2011
And yet gas prices are going thru the roof.....GREEDY EVIL DEMONIC RICH AND BIG BUSINESS LANDS ANOTHER CRUSHING BLOW OF AMERICA!!!!!!!!!
tom

Owatonna, MN

#5 Apr 28, 2011
And yet the GOP wants to give them and other uber rich greedy pigs more tax cuts!!!!!!!!!!
Govtworker

Saint Paul, MN

#6 Apr 28, 2011
www.oil-price.net/en/articles/How-Exxon-paid-... . Check this out. Exxon paid no taxes in 2009.
Owl Gore

Minneapolis, MN

#7 Apr 28, 2011
*Companies Leftists HATE and their Profits: Company
Profit %:

XOM (Exxon)
10.0%

CVX (Chevron)
8.5%

COP (Conoco)
6.1%

HAL (Halliburton)
16.6%

Companies Leftists Love and their Profit Company
Profit %:

SBUX (Starbucks)
11.5%

AAPL (Apple)
42.9%

MSFT (Microsoft)
30.4%

GS (Goldman’s)
13.2%*

The Irving, Texas, company reported a first-quarter profit of $10.65 billion...

and paid taxes of $26.24 billion.

I wonder why they left that part out????

EXXON MOBIL CORPORATION, FIRST QUARTER 2011
http://www.exxonmobil.com/Corporate/Files/new...
Attachment I, page 7

So for every dollar that Exxon, earned, based on sales of it's products and services, various governments confiscated $ 2.6 dollars for doing nothing.

Not one government employee, drilled a hole, drove a truck, pumped a drop of gas, worked in research or did a single productive thing, but still wants more revenue from the company.
vetinwbl

Minneapolis, MN

#8 Apr 28, 2011
11 Billion,I guess it's time to give them some more Tax Breaks and Incentives.
butch

Wayzata, MN

#9 Apr 28, 2011
Want to share in the largesses, then buy stock and stake your claim. Stop whining-profit is not a dirty word especially to those libs and demathugs that feed at the trough and talk out of both ends!!

Don't expect the clown with the zoo animal family to feel your pain--he is ecstatic and wants you to be broke and miserable. Keep voting DFL jacka-s-s-e-s.

All the haters don't have the alternatives or solution--they get their rocks off complaining. Follow those sheep and you will get slaughtered.

Energy independence by using our own resources here at home. Quit lining the muslim brotherhood pockets that obummer supports!!
Lisping Narcissist

Merritt Island, FL

#10 Apr 28, 2011
Oh dear god!
They must be punished!
Owl Gore

Minneapolis, MN

#11 Apr 28, 2011
http://www.api.org/statistics/fueltaxes/index...

The map above from API shows gasoline taxes by state (combined local, state and federal), which range from a low of 26.4 cents per gallon in Alaska to a high of of 66.1 cents per gallon in California, averaging 48.1 cents per gallon across all states. How does that compare to oil company industry profits per gallon?

U.S. oil and natural gas companies pay considerably more in taxes than the average manufacturing company. According to data found in the Standard & Poor’s Compustat North American Database, the industry’s 2009 net income tax expenses — essentially their effective marginal income tax rate — averaged 41 percent, compared to 26 percent for the S&P Industrial companies. The Energy Information Administration (EIA) concludes that, as an additional part of their tax obligation, the major energy-producing companies paid or incurred over $280 billion of income tax expenses between 2006 and 2008.

The U.S. oil and natural gas industry also pays the federal government significant rents, royalties and lease payments for production access — totaling more than $100 billion since 2000. In fact, U.S. oil and natural gas companies pay more than $86 million to the federal government in both income taxes and production fees every single day. In addition, since 2000, the industry has invested almost $1.7 trillion in U.S. capital projects to advance all forms of energy, including alternatives, while reducing the industry’s environmental footprint.

http://dailycaller.com/2011/04/25/the-truth-a...

Is no one in congress going to speak up about the $2 billion that went to Brazil?

There is a simple easy-for-Pelosi-to-understand reason why Exxon-Mobil has 'record' profits. The 'record' is the gross profit for one corporation. Two of the largest companies in the world: Exxon and Mobil, got together to form a company twice as large. Whereas the gross profits of old Exxon or Mobil separately were not 'record', simply adding them together produces a record. It's math and over Pelosi's head.

Since: Jul 08

Saint Paul, MN

#12 Apr 28, 2011
that is weird most of the higher gasoline taxed states are the so called blue states.

http://www.api.org/statistics/fueltaxes/uploa...
Iceman11

Champlin, MN

#13 Apr 29, 2011
Drill Baby Drill.....give our Oil to Exxon Mobil and BP and they will sell it in China. They make most of their profits overseas.

Since: Mar 11

St. Croix valley

#14 Apr 29, 2011
jw in the grove wrote:
that is weird most of the higher gasoline taxed states are the so called blue states.
http://www.api.org/statistics/fueltaxes/uploa...
and gas tax is such a regressive tax. Why do the blue states hate the poor so much?
Rocket Science

Minneapolis, MN

#15 Apr 29, 2011
Iceman11 wrote:
Drill Baby Drill.....give our Oil to Exxon Mobil and BP and they will sell it in China. They make most of their profits overseas.
fungible

look it up

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