Friday, July 25, 2014
Inquirer Daily News

Exxon's profit: $45 billion last year

While the economy was falling apart last year, Exxon raked in a record $45 billion profit, up from $40 billion a year earlier.

Exxon's profit: $45 billion last year

ExxonMobil Corp. collected a record $45 billion in profits last year on petroleum sales of almost half a trillion dollars.

Exxon's profit statement here.

That's enough to bail out a couple of megabanks -- or start one. It's better than the $40 billion Exxon earned in 2007.

But falling oil prices trimmed fourth-quarter profits to $8 billion, from $12 billion a year earlier. Poor Exxon!  

At least they're still finding oil.



   

About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
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