Wang

Exxon's Record $9.32 Billion Q1 Income Taxes: Update

Correct me if I'm wrong, but if I was Exxon and was paying more in total taxes than I was bringing in, I would be out of business. See comment above, you guys are talking about excise taxes and not income taxes.

Exxon's Record $9.32 Billion Q1 Income Taxes: Update

This is about a $1 billion increase in taxes compared to a $4 billion increase in income after all deductions & compared to a $30 billion increase in total revenue and income. Just because the income tax number is a big number doesn't make it that compelling, it's still just a percentage of income, they just happen to have a lot of income. who cares?