"Exxon" record profit $45 billion

Discussion in 'Wall St. News' started by talknetMach, Jan 30, 2009.

  1. NEW YORK (CNNMoney.com) -- Exxon Mobil reported the largest annual profit in U.S. history Friday, making $45.22 billion on the back of record oil prices.

    But Exxon's quarterly profit fell over 33%, as crude prices dropped precipitously in the last quarter as recession spread through the globe.

    Exxon (XOM, Fortune 500), the world's largest publicly traded oil company, made $7.82 billion in the fourth quarter on revenue of $84.7 billion. On a per share basis, the company made $1.55, beating analysts' estimates of $1.45 a share.

    http://money.cnn.com/2009/01/30/news/companies/exxon_earnings/index.htm
     
  2. S2007S

    S2007S

    Im going to repeat myself yet again.

    SELL XOM NOW!!!!!!!!!!!


    STOCK IS SETTING UP for a 25% DECLINE!!!!
     
  3. If oil prices are low compared to distillate prices (crack spread), oil profits increase.
     
  4. Lucrum

    Lucrum

    Not to worry, Comrade Hussein will be spreading the wealth. I'm sure you'll get a check for your share of Exxon's "excessive" and evil capitalistic profit any day now.