Exxon Mobil: breaks record for largest profit in U.S. history

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11-06-08, 05:46 AM

#31

bagwell

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Quote:

Originally Posted by ST430

If I remember correctly, that battery patent (from one of the companies they own) is what killed the original GM EV.....

suppressing technology until oil runs out....idiots...they should push this technology forward NOW so we don't have to import 60% of our oil.

11-06-08, 08:04 AM

#32

bitkahuna

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Quote:

Originally Posted by SLegacy99

No need to fear, if Obama wins this record profit will be back in your wallet.

I hope you were joking with this comment.

11-06-08, 08:19 AM

#33

bitkahuna

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Quote:

Originally Posted by JLSC4

I can't find the article, but the day the news broke, it was said that they pay a total rate of 48%. I just found an article that says 44%. Oil companies pay a higher rate than any other industry which is usually 30-39%.

Oil companies pay much more in
tax than they make in profit but "their evil".

Exxon-Mobil remarkably matches the taxes paid by the bottom 50% of Americans. One company!

Yup, and they could move headquarters to Dubai tomorrow and the govt and America would be screwed. But no, we just keep punishing them for doing a reliable excellent job of delivering vast amounts of oil.

One day they may shrug.

11-06-08, 08:26 AM

#34

darkdream

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Quote:

Originally Posted by JLSC4

Exxon-Mobil remarkably matches the taxes paid by the bottom 50% of Americans. One company!

But the bottom 50% pay less than 4% of the total federal tax....

11-06-08, 11:33 AM

#35

mmarshall

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Also consider this: gas prices are down almost 60% since early in the year. If Exxon can make that kind of money when prices are dropping, that proves that it is not high prices that oil companies profit on. In fact, when oil prices ARE high, the oil companies themselves get screwed, too...........they have to pay the high prices for raw crude out of their own pockets, just like you have to pay for the price of gas at the pump.

11-06-08, 09:02 PM

#36

-J-P-L-

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Quote:

Originally Posted by darkdream

But the bottom 50% pay less than 4% of the total federal tax....

Nevertheless, Exxon-Mobil will have paid about $40 billion in taxes for the 2008 year. That's astonishing for one company to pay.

People should think twice about criticizing them. They pay a lot of bills in this country.