This info is for 2011 but it is most essentially alike for 2012.Specifically, Exxon holds that it paid “total taxes and duties to the US” of $9.8 billion, but its SEC filings show that it paid just $1.3 billion in federal income tax, compared to global income of $57 billion and US income of $7.7 billion. Exxon also says it earns only 9 cents per dollar of sales. “That’s about half (or less) of what companies in pharmaceuticals or computers make.” On the other hand, that’s not the figure the company refers to when dealing with investors; then, they discuss “return on capital employed,” which is a whopping 34%.
The U.S. federal tax on gasoline is 18.4 cents per gallon. This hasn't changed since 1997. Taxes added by the individual states vary widely - NY is 50 cents per gallon, California is about the same. Alaska is 9 cents per gallon. So even in California, the total federal + state excise tax is 69 cents/gallon.
I know. It just makes me want to puke when I hear politicians say we need to tax oil companies more. Theen all the stupid people say that doing that sounds like a good idea. Societies fail when they are taxed into non-existence. Happens everytime. Ignorance truly is bliss (or easily accomplished by becoming a government economist).