But Obama thinks that the companies weren’t taxes enough and still need to pay even more.
Total sales are sizeable therefore the profit on those sales will also be large in number (if not percent).
If there is anything to be said about this large number, it is in the SIZE of Exxon-Mobile. So why did the Clinton Administration approve this merger?
They gave up many gas stations in NJ. So now we have Valero, Gulf, Exxon, and BP.
There were several big mergers. Exxon and Mobil. BP and AMoco. BP Amoco and Arco.
Shell and Texaco had an under-the-table merger of its refinery operations in the nineties, which was unraveled when Chevron later bought Texaco.
Clinton was busy going after Microsoft, while ignoring these mergers.