ExxonMobil Financials


	ExxonMobil Financials

hlimjr

8-14-2008 1:30 PM

189 views

tags:

oil

hlimjr says:

Lying politicians use deceptive statistics to persuade ignorant voters to support bad policies. And, the main stream media doesn't help.

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ExxonMobil CEO and chairman Rex Tillerson defended his company's staggering $11.7 billion in profits for the second quarter, saying that the company's earnings reflected the magnitude of its business operation.
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"I saw someone characterize our profits the other day in terms of $1,400 in profit per second.  Well, they also need to understand we paid $4,000 a second in taxes, and we spent $15,000 a second in cost," Tillerson told ABC News' Charles Gibson.  "We spend $1 billion a day just running our business.  So this is a business where large numbers are just characteristic of it."
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ExxonMobil invested $12.5 billion, a record amount of capital into exploration expenditures, in the first half of 2008.  But 55 percent of their profits go to stock buyback.
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