In 2013 ExxonMobil earned about 5.5 cents for every gallon of gasoline and other petroleum products we refined, shipped, and sold in the United States. The federal, state, and local governments collected 40 to 60 cents per gallon in taxes.
ExxonMobil closed the books on a strong performance in 2013 with our year-end earnings announcement. Here are some of the highlights.
The Center for American Progress has a nearly perfect record in its pronouncements about the tax treatment of the oil and gas industry. Without exception, they are always wrong.
One of the more overlooked aspects of our industry is that oil and gas companies like ExxonMobil are not just big contributors to the economy, we are also really big taxpayers.
Turns out the Center for American Progress is not the only organization that plays fast and loose with language to the detriment of our public policy dialogue.
The Center for American Progress has been among the most persistent sources of misinformation about our company and our industry, which is why it’s important to set the record straight.