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...
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