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Rex Tillerson Discusses Industry's Future in Exclusive Interview With Charles Gibson ExxonMobil CEO and chairman Rex Tillerson defended his company's staggering $11.7 billion in profits for the second quarter, saying that the company's earnings reflect the magnitude of their business operation. (Amy Conn_Gutierrez/ABC) More Photos "I saw someone characterize our profits the other day in terms of $1,400 in profit per second. Well, they also need to understand we paid $4,000 a second in taxes, and we spent $15,000 a second in cost," Tillerson told ABC News' Charles Gibson. "We spend $1 billion a day just running our business. So this is a business where large numbers are just characteristic of it." ExxonMobil earned the best quarterly profit ever for a corporation, up 14 percent from last year, but still below investors'... [read full story]
