Big bad oil company ExxonMobil is "on the defensive in the face of consumer ire and congressional indignation" as it raked in a "huge" first quarter profit, Washington Post's Steven Mufson informed readers of his front page May 2 article.
Mufson later noted that "[d]espite Exxon's colossal profit, the company's stock fell yesterday." Mufson blamed investors "shift[ing] gears" to turn to other stocks and pull out of commodities. Yet Mufson made no attempt to explore how "new congressional vows to come up with legislation" to tax oil company profits might play into investors being skittish about the company, a favored bogeyman of left-wing populist politicians in election years marked by high gasoline prices.
By contrast, the May 2 Financial Times took a less political, business-oriented look at ExxonMobil with a front-pager by Sheila McNulty and Carola Hoyos entitled, "Exxon oil production struggles for growth":