Exxon makes largest profit in the history of corporate America
Exxon announced profits reaching up to $11.68 billion which makes it the highest profit ever made by a US company. The company maybe earning the most with its investments into oil related deals, but how much does this company invest into alternative energy research? The company officially comments that it regularly invests into alternatives but a recent ABC news cast says that the company just pushes 1% of its profits on alternative energy investments sources.
BP invested the most out of the big five oil companies, at 2.9 percent. According to The Center for American Progress Action Fund the profit of Exxon is equivalent to giving away $236 to every single license holder in the US.