Exxon Posts Record 2008 Profit
Exxon posts record profits for 2008 despite downturn in economy. Couldn't some of this go to those with less?
January 31, 2009
Exxon Posts Record 2008 Profit Despite Slip in 4th Quarter
By
JAD MOUAWAD
Exxon Mobil
, the world’s largest publicly traded oil company, said Friday that its fourth-quarter income fell 33 percent as oil prices declined.
But in a year where oil rose to a record before having its steepest-ever collapse,
Exxon still managed to set a record as the most-profitable American corporation. The company earned $45.2 billion in 2008, up from
$40.6 billion in 2007.
For the full article see:
Oil Earnings Reflect the Drop in Crude Prices - NYTimes.com
http://www.nytimes.com/2009/01/31/business/31oil.html?_r=1&hp=&pa...
3 of 3 1/30/2009 10:58 AM