The Untold Story of Exxon's Profit

ExxonMobil, the company portrayed as the evil gasoline price gouger, has just set a couple records. The first record is it's first quarter earnings, $10.89 Billion. The second record, and the one that will be overlooked by the media, meddling Congressmen, and consumers is their tax bill. Exxon paid $9.32 Billion in Federal Corporate Income Tax.

From the Carpe Diem Blog today, Dr. Perry says this:

In every single media story today about Exxon, the one key income statement
variable that will receive ABSOLUTELY NO ATTENTION is the amount of income taxes paid by Exxon, which was $9.32 billion in the first quarter, according
to Exxon.

Following CNN's analysis, Exxon paid $1185 in income taxes
every second this quarter, enough to buy 327 gallons of gas.

Think about this as you fill up. It is really Uncle Sam who is getting windfall profits.