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  • The Exxon Earnings Detail- Vanity

    04/27/2006 10:23:37 AM PDT · by mnehring · 38 replies · 1,088+ views
    Dick Durbin is leading the charge on the left to attack "Big Oil", using today’s Exxon earning reports as his evidence that the public is being screwed at the pump. We’ve all heard the lines of how ‘Big Oil’ earns around 9c per gallon while the government earns around 50c per gallon in gas tax, but where does Exxon’s $8 Billion come from? The following is an analysis of Exxon’s earnings reports and it destroys much of the accusations made by the left. First, some notes on their financial press release: …Upstream earnings were $6,383 million, up $1,329 million from...