Mueller Lake Park Outdoor Amphitheater
Worried About ExxonMobil's Profitability
RECEIVED Wed., May 10, 2006
Dear Editor,
ExxonMobil's profits in 2005 were $36 billion. ExxonMobil paid $98 billion in taxes in 2005.
More than two-thirds of the profits came from foreign operations. Only 10.8% of these profits came from refining and marketing in the United States.
Less than 19% of ExxonMobil's oil production came from the United States in 2005. More than 81% was produced in foreign countries.
ExxonMobil's U.S. oil production suffered an annual decline rate of more than 14% in 2005. The annual loss of ExxonMobil's U.S. oil production in 2005 amounted to more than 29 million barrels of oil.
Profits are needed to explore for and discover oil. Less than 2.7% of ExxonMobil's profits were left for exploration worldwide.
ExxonMobil's profits in 2005 were $36 billion. ExxonMobil paid $98 billion in taxes in 2005.
More than two-thirds of the profits came from foreign operations. Only 10.8% of these profits came from refining and marketing in the United States.
Less than 19% of ExxonMobil's oil production came from the United States in 2005. More than 81% was produced in foreign countries.
ExxonMobil's U.S. oil production suffered an annual decline rate of more than 14% in 2005. The annual loss of ExxonMobil's U.S. oil production in 2005 amounted to more than 29 million barrels of oil.
Profits are needed to explore for and discover oil. Less than 2.7% of ExxonMobil's profits were left for exploration worldwide.
Seldon B. Graham Jr.
