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?
The government is definetly driving the price way up there is no doubt. Don't forget that you pay an income tax which is preemptive sales tax. In other words if you take the % you are paying now, then add the % Exxon pays in income tax, then add the federal at the pump tax you will get your number. So the feds are actually triple taxing it at least.
Well Exxon is making more than they let on, and I don't buy their reports on profit. They are not buying all their oil at premium barrel price, the cost of getting it out of the ground has not changed.
The FED banks are making money hand over fist on the deal because they have no overhead. They just have to pay their corrupt accountants but no real work is done. We are all slaves and Exxon likes their chunk but it pales in comparison with the corrupt banks that tax us and pretend to be socialist entities taking care of society. Socialism will never work because the Rockefeller and Rothschild crooks will always murder, lie and bribe their way into control of the central banks. The math of it is staggering. They are beyond ';making money'; they ';are money';.Who makes more profit on oil, Exxon or the government?
Neither! The Middle Eastern countries do. Check this out.
These companies import Middle Eastern oil:
Shell............................. 205,742,000 barrels
Chevron/Texaco......... 144,332,000 barrels
Exxon /Mobil............... 130,082,000 barrels
Marathon/Speedway... 117,740,000 barrels
Amoco...........................62,231鈥?barrels
Citgo gas is from South America, from a Dictator who hates
Americans.
Here are some large companies that do not import Middle Eastern oil:
Sunoco.................0 barrels
Conoco.................0 barrels
Sinclair..................0 barrels
BP/Phillips............0 barrels
Hess......................0 barrels
ARC0....................0 barrels
All of this information is available from the Department of
Energy and each is required to state where they get their oil
and how much they are importing.
Exxon makes about 4 cents on each gallon of gas--
The government makes about 30 cents--or more depending on the taxes from the CITY, COUNTY, STATE, and FEDERAL GOVERNMENT
Since government outlays exceed government total income the government does not make a profit at all.
The Federal government makes more off of gasoline...if that's what your asking.
The government, which is why gas taxes will never go down.
The government, look how much it is taxed per gallon. If there were no taxes on our gas, it would be quite cheap.
Forgot the number that yer lookin' fer but the government makes TRILLIONS.( paid by you and I)
Exxon. The government doesn't make money on oil other than taxes. The government doesn't buy the oil, companies do... The only thing the government can do is open up areas for the companies to drill.
That is not the single issue, there are more...........you have a point, but what about letting the government have all of it? Then give our citizens a real tax cut, instead of the shell game that is played now ---- which is, a tax cut, then defund state funding forcing the state to increase taxes, while the feds also raise other taxes and we end up paying more taxes.
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I believe the oil companies need to be nationalized and the profits go back to the people in the form of lower taxes.Same with our communications systems.
Where I live in China as a transplanted American, both are nationalized and a gallon of gas costs about a buck less, and my cell phone bill is obscenely little. About $15 a month and I use it extensively.
Plus, I pay zero sales tax, and tax on a home is very small to non existent, plus I have no income tax, despite that I make considerably more then the average person.
There is a lot of revenue to be made off of both which gives the people more disposable income. A win for the government, a win for the people, a win for our economy. It will just pizzzz off the fat cats, one that some love to support, yet they don't give a rats behind about their supporters.
We often hear that the oil companies have a vested interest to give alternative energy only lip service. What better way to take care of that problem then put energy in the hands of the people. We need a Manhatten type of program to help eliminate our dependance on foreign oil while putting on the fast track alternative energy sources. The oil companies will fight both till all we will have left is a drop in the bucket of what we really need, all while we, the tax payer, continues to give them welfare bucks.
What I fail to understand, people will fight tooth and nail to support the oil companies while continuing to pay high energy prices (at a profit that lines the pocket of the fat cat, who doesn't give one hoot about them.) and pay high taxes to boot. Kind of like, shooting themselves in the head just to prove they can. Makes no sense whatsoever.
I'm a capitalist, but when it comes to this, I must put my foot down and say, enough is enough.
Case in point, in Venezuela, who has nationalized oil, they pay 13 cents a gallon.
http://fabulously40.com/article/2171/Pri鈥?/a>
http://www.nationmaster.com/red/graph/en鈥?/a>
Think about it.
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Life is so simple, but we insist on making it complicated
Confucius
551 - 479 BC
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Peace
Jim
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