By Dr. Mark J. Perry ExxonMobil reported its first quarter 2011 earnings on April 28, which came in at $10.65 billion, an increase of 69% from the same quarter last year when it earned $6.3 billion. While the huge earnings amount captured all of the media attention, several other items received much less attention (see chart): ExxonMobil paid $8 billion in income taxes to various governments in the first quarter, which is about $22 million in income taxes each day, or almost $1 million each hour. ExxonMobil spent $7.8 billion in the first quarter on capital equipment…
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