Exxon and Oil Companies Thank You For Your Donations To Their Prosperity!

Exxon and Oil Companies Thank You For Your Donations To Their Prosperity!

Were you one of those folks paying over $4 a gallon this Spring? Well,
the folks at Exxon want to thank you because they reported $9.5
billion in profits. How did they spend it? Well ThinkProgres.org broke
it down for us and you will be thrilled to know that Americans have
been taken to the cleaners once again.

The oil companies create a fake crisis to raise the prices at least
once a year. Then they clean up on the profits, pay less taxes than
you and I and figure out ways to make themselves richer while you
become poorer because of their gas prices. Here is what
ThinkProgress.org found out about Exxon's first quarter:

$9.45 billion profits, or almost $104 million per day in the first
three months of the year.

13 percent: The tax rate Exxon paid last year, lower than the average
American family.

60 percent of its first quarter earnings, or $5.7 billion, on buying
back stock. Became world's largest dividend payer by increasing
dividends 21 percent.

$1,091,000: Political contributions sent to federal politicians for
the 2012 election cycle, making it the largest oil and gas spender.

91% of these contributions went to Republicans.

More than $52,000,000: Lobbying for the first three years of the Obama
presidency, 50 percent more than in the Bush Administration.

$34.9 million: Exxon CEO Rex Tillerson's salary for 2011, a 20 percent raise.

$52,300: Political contributions from Exxon CEO Rex Tillerson in the
2012 cycle, alone.

No. 2: Fortune 500 list of richest companies and for highest-paid CEO.

Exxon not only used 60 percent of its Q1 profits to buy back its
stocks, enriching executives and largest shareholders, but it funnels
money through political groups like American Legislative Exchange
Council (ALEC) and American Petroleum Institute, to influence
legislation in its favor.

More:
http://www.davidmixner.com/2012/04/exxon-thank-you-for-your-donations-to-their-prosperity.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+DavidMixnerCom+%28DavidMixner.com%29

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Together, we can change the world, one mind at a time.
Have a great day,
Tommy



--
Together, we can change the world, one mind at a time.
Have a great day,
Tommy

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