The Truth-o-Meter says: True | President Barack Obama says, “Exxon pocketed nearly $ 4.7 million every hour”
President Barack Obama, making the case from the Rose Garden that oil companies would be just fine without tax breaks, offered this striking figure: Last year, he said, "Exxon pocketed nearly $ 4.7 million every hour." We had to know: Is that true? Here’s the excerpt from the March 29, 2012, speech: "It’s not as if these companies can’t stand on their own. Last year, the three biggest U.S. oil companies took home more than $ 80 billion in profits. Exxon pocketed nearly $ 4.7 million every hour." Here’s …
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