Econ 101 Big Oil Light, JD and Seascapes

[coadie]

3% of Exxon oil revenue comes from gasolene sales US
Exxon makes 2 cents a gallon on retail gasolene.
http://www.exxonmobilperspectives.co...o-think-about/

Exxon pays dividends so the investor pays taxes.
Exxon bought XTO Resources and lost a chunk on natural gas. Like that warm home last winter?

spent $198 billion on crude oil,purchases last year. When crude goes up, Exxon pays much more.
We charge the saudis on income they earn in America. Not on what they make profit in nigeria. Same with Exxon. Exxon US will pay US taxes and Nigeria income is taxed there.

http://ir.exxonmobil.com/phoenix.zht...&p=irol-irhome

Their annual report. It is not prepared by Daily Kos.
• Financial & Operating Review6

• Summary Annual Report5

• Financial Statements & Supplemental Information5

• Proxy Statement7

• Executive Compensation Overview7

• Corporate Citizenship Report

Leftists do not read financials.