Saturday, February 02, 2008

Business & Technology | Exxon's eye-popping yearly earnings: $40.6 billion | Seattle Times Newspaper

Hey, maybe Exxon Mobil should bid for YHOO; it wouldn't take much more than its annual profit for last year...  

Beating its own record to rack up the largest annual corporate profit in U.S. history, Exxon Mobil said Friday it earned $40.6 billion for the year, reaping the benefits of crude-oil prices around $100 a barrel.

Exxon Mobil also topped its own record for profit in a single quarter, posting net income of $11.7 billion for the final three months of the year — about $1 billion more than the same period in 2005, the previous quarterly record.

Given the current global situation, there is something very wrong with this picture.

Business & Technology | Exxon's eye-popping yearly earnings: $40.6 billion | Seattle Times Newspaper

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