Shell and Exxon Earn $160,000 a Minute, Yet Still Receive $2.4 Billion Tax Break
The
top two corporations on the Fortune 500 Global ranking, Royal Dutch
Shell and ExxonMobil, announced their 2012 second-quarter earnings last
week, bringing the total profits for three Big Oil companies to $44
billion for 2012 or $250 million every day this year. Exxon profited by
$16 billion this quarter, bringing its earnings for 2012 to $25
billion.The New York Times wrote that Exxon and Shell’s earnings
“disappoint,” because energy prices unexpectedly dropped for consumers
this summer. Put their profits in the appropriate…Read more...
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