ExxonMobil CEO and chairman Rex Tillerson recently defended his company's staggering $11.7 billion in profits for the second quarter on ABC news, saying that the company's earnings reflected the magnitude of its business operation .
"I saw someone characterize our profits the other day in terms of $1,400 in profit per second. Well, they also need to understand we paid $4,000 a second in taxes, and we spent $15,000 a second in cost," Tillerson told ABC News' Charles Gibson. "We spend $1 billion a day just running our business. So this is a business where large numbers are just characteristic of it."
Source: ABC News
Thursday, August 14
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