Thursday, November 1, 2007

$26.1 Billion: Exxon's 3rd Quarter Tax Bill

Exxon Mobil made $9.4 billion in the last three months, 10 percent less than last year and below what analysts expected as gasoline and diesel prices failed to keep pace with rising crude costs....

The Irving, Texas-based company reported revenue of $102.3 billion in the third quarter, about 3 percent more than last year...

Exxon also said it paid $7.3 billion in income taxes in the third quarter, as well as $18.8 billion in other taxes, for a total tax bill of over $26 billion....

read the CNN story

The headlines bemoan "huge" profits; where is the outrage over excessive taxes?

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