In 2011, ExxonMobil made profits after taxes of $41.4 billion on sales of $486.4 billion. That’s ~ 8.5 cents in profits per dollar of sales. • Combined taxes for ExxonMobil last year were $104.5 billion. That’s ~ 21.5 cents in taxes per dollar of sales. ExxonMobil takes the risks and the government makes 2.5 times more than the company does. So… Is ExxonMobil greedier than the government?
Welcome to our latest issue of ValueWalk’s hedge fund update. Below subscribers can find an excerpt in text and the full issue in PDF format. Please send us your feedback! Featuring Point72 Asset Management losing about 10% in January, Millennium Management on a hiring spree, and hedge fund industry's assets under management swell to nearly Read More