Biden Tells Exxon To Start Paying Its Taxes
With the U.S. Administration growing more desperate by the week as gasoline prices breach $5 per gallon in the United States, President Biden is now taking aim at individual oil and gas companies—namely, $Exxon Mobil(XOM.US$ .
A Biden statement attempting to address May inflation data contained harsh words—both for the oil industry as a whole and Exxon specifically.
"Why aren't they drilling? Because they make more money not producing more oil," he said. "Exxon, start investing and start paying your taxes." The President also said that they would make sure everyone knew how much Exxon was profiting. "Exxon made more money than God last year."
To be precise, Exxon's net profit was $23 billion in 2021, making up for the $22.4 billion loss the year prior. Exxon's 2021 profit came in behind $Apple(AAPL.US$ , $Berkshire Hathaway-A(BRK.A.US$ , $Alphabet-A(GOOGL.US$ , $Microsoft(MSFT.US$ , $JPMorgan(JPM.US$, $Meta Platforms(META.US$, $Amazon(AMZN.US$, and $Bank of America(BAC.US$ —and barely eeked out a win over the Federal National Mortgage Association, Fannie Mae.
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MonkeyGee : is there even a Biden plan. The only plan I see is market collapse.
efficentupup OP MonkeyGee : Don't over panic![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
MonkeyGee efficentupup OP : I don't want to panic but did you know what Janet did in 2008?
Revelation 6 : Biden shits on them and then wants them to produce more. JILL doesn't even take crap like that from him.