Exxon Posts Record 2008 Profit SupportiveArgument1 #11143 |
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 |
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