The Next Time Someone Gripes About Oil Companies Not Paying Their Fair Share…

…just show them this.

That’s right – ExxonMobil, since it became a unified company with Exxon’s acquisition of Mobil in 1999, has paid over a trillion dollars in taxes. A trillion dollars in taxes in a dozen years.

This from a Forbes article from last week suggesting XOM be considered a “taxation hero” for the contributions it has made to the federal till.

The fact is that the federal government makes more money off oil exploration, production and refining than any of the oil companies do, but it’s still not enough for the Left.

And there’s a reason for that. The reason is that in most other countries – the UK, Norway, Russia, India, China, Venezuela, Mexico, virtually everywhere in the Middle East – the oil companies are owned by the government. They aren’t in the United States, and so the privately-owned oil companies have to be demonized.

Don’t let them tell you any different.

Interested in more national news? We've got you covered! See More National News
Previous Article
Next Article

 

Join the conversation!

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.

Trending on The Hayride