Friday, May 22, 2015

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 drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com, distefano251@gmail.com, 215.854.5194 or 302.652.2004.

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

Joseph N. DiStefano