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ExxonMobil vs. Google: Profits and Perceptions Explained

2 pointsby freedudeover 1 year ago

1 comment

freedudeover 1 year ago
&quot;<p><pre><code> ExxonMobil reported $9.1 billion GAAP earnings with an 11.9% net margin, while Google reported $19.7 billion with a 22.5% net margin. ExxonMobil&#x27;s income tax was $20.2 billion in 2022, higher than Google&#x27;s $11.4 billion, despite Google earning more. Public perception is more critical of ExxonMobil&#x27;s profits compared to Google&#x27;s, despite lower profit margins and higher tax rates. &quot;</code></pre>