Tax Policy
A sleight of hand on subsidies from the IMF
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.
Another quarter, another misinformation attempt – part 2
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.
Another quarter, another misinformation attempt – part 1
Like clockwork, the Center for American Progress has issued its quarterly out-of-context characterization of the earnings of the largest investor-owned oil and natural gas firms.
Stop the presses! Big Oil pays the Biggest Taxes!
Regular readers of this blog know that ExxonMobil and other energy industry companies pay a lot in taxes. But not everybody understands this basic point, particularly politicians who want to target us with even higher levies. So it was nice to see growing recognition of the tax burden shouldered by the oil and gas industry in The New York Times recently.
More to our quarterly earnings than just profits
ExxonMobil reported quarterly earnings today of $9.5 billion. We are proud of our success, of earning strong returns for our shareholders and of the hard work that goes into satisfying the vital energy needs of customers around the world. Here are a few important facts. ExxonMobil had $22.6 billion in worldwide tax expenses during the…
Five lies they’re telling you about the Mayflower pipeline spill
I wrote yesterday about the regrettable spill by ExxonMobil Pipeline Co. in Mayflower, Arkansas. We have apologized to the people of Mayflower and all of Arkansas and will be there until the cleanup is complete. What I thought I’d talk about today are the top five inaccuracies being spread by anti-fossil fuel activists seeking to…
