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Friday, January 30, 2009

ExxonMobil posts record profits in 2008

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Impoverished Exxon execs would like to know if you're going to eat that

Photo not provided by ExxonMobil

Impoverished Exxon execs would like to know if you're going to eat that

ExxonMobil Corp. announced today that they posted a record profit in 2008, despite a relatively slow fourth quarter hampered by lower gas prices and Hurricanes Ike and Gustav.

The company posted a profit of $7.82 billion in the fourth quarter, or $1.55 per share, which is 33 percent lower than its earnings of $11.66 billion, or $2.13 per share, during the same quarter in 2007. Exxon’s fourth-quarter revenue was a mere $84.70 billion, down from $116.6 billion during the same period last year.

The company also stated that it's 2008 profit grew to $45.2 billion, or $8.69 a share, a record. It was up from $40 billion in 2007. Revenue also grew in 2008 to $477 billion, up from $404 billion in 2007.

You can read the company's full report here.

Source: ExxonMobil


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CitizenKane Anonymous

Link to this related Pegasus News ExxonMobil story...

http://www.pegasusnews.com/news/2009/...

9 months, 1 week ago ( Link to this comment | Suggest removal )

alexander troup Verified

NOW THAT IS CITIZEN KANE AND ..........ROSEBUD...A/T, Dukes of hazard at Exxon.

9 months, 1 week ago ( Link to this comment | Suggest removal )

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