Given the far left's hatred for "big" oil, the push for a windfall profits tax, and Exxon's supposed obscene profits I've listed below some highlights from Exxon's 2007 financial statement.
Revenues--------------------$404 billion
Earnings before federal tax----$70.4B
Federal tax-------------------$29.8B
Net Earnings-------------------40.6B
Dividends to Investors---------$7.6B
Stock Buybacks---------------$31.8B
Capex-(Capital&Exploration)----$20.7B
Bottom line, Exxon made a 10% net profit and had a fed tax rate of 40+%.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment