Media Matters:

Advancing a highly misleading talking point from ExxonMobil, Fox’s “straight news” program Happening Now defended the oil giant on Friday from Obama’s call to end tax subsidies for oil companies.

Fox Business reporter Elizabeth MacDonald said she “just got off the phone with ExxonMobil” — and it showed. She
clearly didn’t bother to fact check what they told her.

MacDonald said that ExxonMobil’s “U.S. tax bill came in at $12 billion bucks — that was more than the $9 billion bucks they earned in after tax profits.” This is straight from the talking points ExxonMobil distributes when getting heat from the fact that its rising profits require drivers’ pain.