Saturday, February 2, 2008

Exxon Sets Profit Record: $40.6 Billion Last Year

By any measure, Exxon Mobil’s performance last year was a blowout.

The company reported Friday that it beat its own record for the highest profits ever recorded by any company, with net income rising 3 percent, to $40.6 billion, thanks to surging oil prices. The company’s sales, more than $404 billion, exceeded the gross domestic product of 120 countries. Exxon Mobil earned more than $1,287 of profit for every second of 2007. http://www.nytimes.com/2008/02/02/business/02oil.html?ex=1359694800&en=285eb783d405fd68&ei=5124&partner=permalink&exprod=permalink

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