ExxonMobil Profits Evil?

Sunday evening while driving to my parents house I listened to a local talk show. The host is rather intelligent, although I disagree with him 90% of the time. His guest was there to talk about evil ExxonMobil and their record profits. He stated several "facts:"

1. EM spent none of their profit on exploration for new oil,
   
2. EM spent none of their money on developing renewable resources,
   
3. EM should pay a "wind fall" profit tax,
   
4. It is especially heinous that EM spent $8 billion of their profit on stock buy back

Hillary Clinton stated: "There is something seriously wrong with our economy when Exxon's record $11 billion in quarterly profits are seen as a disappointment by Wall Street."

The reality?

• EM made a near record $10.89 billion in its first quarter (analyst expected $11.5 billion)
  
• EM paid a combined $29.3 billion in taxes and royalties ($17.7 billion in taxes and $11.6 billion in royalties) - taxes were 49% of income.
  
• EM spent $5.5 billion (before profit, of course) to develop new sources of oil, up 30% from last year
• EM, and most oil majors, have an internal rate of return on investment of <15%. My chemical plant would be shut down for doing that poorly.