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Friday, January 30, 2009

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.



   
Posted by Joseph N. DiStefano @ 8:45 AM  Permalink | Post a comment
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About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column in the Philadelphia Inquirer. Joe has been a member of Bloomberg LP’s New York Finance Team, wrote the book “Comcasted,” taught writing at St. Joseph’s University, and studied economics and history at Penn. Reach Joe at 215-854-5194 and JoeD@phillynews.com
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