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updated 20 minutes ago
HOUSTON - Exxon Mobil reported a profit of $45.2 billion for 2008 Friday, breaking its own record for full-year earnings by a public U.S. company, but fourth-quarter profits tumbled 33 percent.
The fourth-quarter decline is not a surprise with oil’s swift 60 percent plunge in the final three months of the year.
The previous record for annual profit was $40.6 billion, which Exxon Mobil set in 2007.
Originally posted by Frankidealist35
But, why isn't Exxon helping to bail out the economy?