Who makes more profit on oil, Exxon or the government?

Please read details before answering.





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 (i.e. Taxes are 2.5 times Exxon's profit)





Net income: $40,610 Billion = 10% of Total revenues/income (i.e. A modest 10% profit margin)





Source: Exxon Annual Report 2007


http://www.exxonmobil.com/corporate/file鈥?/a>Who makes more profit on oil, Exxon or the government?
Obviously the government and what do they do to earn this massive amount of money?..Who makes more profit on oil, Exxon or the government?
They make too much! Windfall taxes quick!!! Good thing some smart people shot that idea down...





Here's some facts you left out. The top execs of these oil companies make around 1% of the total profits. The rest go to hard working Americans in the company AND to average Americans who have a hand in the stock market or in funds. And even more money is going to instituions. It's not like there is one big wig guy taking the money and living on his own island...





But to answer your question, as if you didn't, the government makes more.
I don't want to belabor the point... but that cite is from Exxon...





and could be bias...





there are many ways to show many different things on the books... that may be what they were ';suppose to pay';...





but I seriously doubt that they actually paid 2.5 times their profit in taxes... and if they did, their accounting departments should be fired...





overall, I really don't care enough to look into it that deeply... but it sounds a little over the top to my ';BS sensor';...
The government. What kills me is you have to pay taxes at the gas pump as well. These taxes are supposed to go to the roads but they end up in public transportation. Now they want to have a ';Windfall'; tax and guess what will happen. The big oil companies will put the burden on us consumers. The govt should keep their hands out of peoples pockets.
25% of revenue paid to taxes? Well, that's about 2% less than I pay. Sounds about right to me. Do you think they should pay LESS? Would our gas bill lower if we gave them a tax deduction? Should the government NOT collect taxes from them, and allow them to KEEP more of the profiteering money? Personally, I think the gov. should take MORE money from them, and then use it to offset the highway use taxes and federal gas tax.
Wow. I've been looking for these numbers. Thanks.





Here's similar data, looking at it from a different perspective, a breakdown of where the $ from a gallon of gas goes:





http://www.energy.ca.gov/gasoline/margin鈥?/a>
That is very interesting and something you will never hear in a Obama press conference. Does that even include the gasoline tax.
The government does. They collect a ton of taxes whether it is state or federal or both.
Not only that, don't forget that the Federal Government does absolutely nothing to earn their part of the take.





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I couldn't find that in the report you sent me to. Total taxes and duties. Is that solely from the US?
Stock holders.