30ware

Exxon Mobil's Record Profit: How Much Is Too Much?

The article fails to mention that XOM pays a 49% tax rate and for the quarter will pay 9.5 Billion in taxes. It also fails to mention that Clothing, Software, Telecom service, etc., (things that people use daily) tend to make anywhere from 30% to 300% in profit margin, where as XOM make's 8-12% in profit margin. So, 14% is not out of line. Chris, how about a little more home work before reporting and give both sides of the story.