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BP p.l.c. Message Board

  • bpoil_co bpoil_co Feb 5, 2013 5:06 PM Flag

    you ever wonder why you pay $5 at the pump in California??? or $6.25 a gallon in Montreal Canada??


    You see XOM made about 40 bil last year? Sounds like alot until you see they paid about 120 bil in assorted taxes. The politicians are the reason you pay 4 bucks at the pump ... not the oil companies.

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    • 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%.

    • francis716 Feb 7, 2013 12:20 PM Flag

      Because USD keeps depreciating, so OPEC has to double the oil price to ensure their profit is locked up. Stop money printing is the only way to cool down stagflation.

      Sentiment: Hold

    • 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).

27.64+0.40(+1.45%)Feb 11 4:01 PMEST