Exxon-Mobil Announces Mega-profits as President Obama Challenges Congress to End Big Oil Subsidies

WASHINGTON, D.C. —(ENEWSPF)—February 2, 2015. This morning Exxon-Mobil (NYSE: XOM) announced $32.5 billion in annual profits for 2014. Even with crude prices down from record highs, the largest oil company in the U.S. still ranks among the most profitable companies in the world.

Within hours of this announcement, President Obama sent his FY2016 budget to Congress, proposing to end some of the biggest fossil fuel tax breaks on the books.

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