Not only that, it paid the highest corporate percentage, with an effective tax rate of 42 percent. If you think paying your taxes on April 15th hurt, think about the corporate treasurer in Irving who signed a check for $27.3 billion.
No wonder Exxon has an army of lobbyists in Washington. Steve Coll at The New Yorker recently gave some background on how the company became a financing arm of the Republican Party. Â Ideology had nothing to do with it. The company is as analytical in its political decisions as it is in its drilling decisions, and sometimes the methodology has not worked to its favor.