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
Im going to repeat myself yet again. SELL XOM NOW!!!!!!!!!!! STOCK IS SETTING UP for a 25% DECLINE!!!!
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.