Who makes more on oil, Exxon or government?

From Exxon Annual Report 2007:





Total revenues and other income: $404,552 Billion





Total taxes and duties: $102,400 Billion = 25% of Total revenues/income





Net income: $40,610 Billion = 10% of Total revenues/income








Source: Exxon Annual Report 2007


http://www.exxonmobil.com/corporate/file鈥?/a>Who makes more on oil, Exxon or government?
The net profit on a gallon of gasoline, to Exxon Mobil, is about eight cents. Total taxes on a gallon of gasoline in my area is about 61 cents.Who makes more on oil, Exxon or government?
You need to look at the CASH FLOW statements of the companies that engage in E+P. The cost to drill for new oil has skyrocketed too - but those costs are largely CAPITALIZED.





Free cash flow of the major oil companies isn't up by nearly as much as net profit - which is why their price/earnings ratios are 1/2 those of the S+P.
The govt, they do just get taxes, they do not have to drill it, refine it and deliver it to the customer.
Exxon and the other big oil companies.
And ole plastic face polosi and dingy harry do not think they pay enough.
Government,we should never have to hit a pothole with that kind of money,so where is it going.
government. They make 15% and dont have to drill it, refine it, or pay for it.

lip plumper