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You Are Here: Home > Articles > Commentary > Exxon Mobil Per Second: $1,400 in Profits, But...

Exxon Mobil Per Second: $1,400 in Profits, But It Pays $4,000 in Taxes, $15,000 in Operating Costs
Aug 28, 2008

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Dr. Mark J. Perry

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Obama thinks government is not getting a "reasonable share" of oil companies' profits, which in 2007 were, as a percentage of revenue (8.3%), below those of U.S. manufacturing generally (8.9 %). Exxon Mobil pays almost as much in corporate taxes to various governments as the bottom 50% of American earners pay in income taxes. Exxon Mobil does make $1,400 a second in profits - hear the sharp intakes of breath from liberals with pursed lips - but pays $4,000 a second in taxes and $15,000 a second in operating costs.


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