Friday, February 1, 2008

Quarterly Ritual

HOUSTON — ExxonMobil (XOM) on Friday posted the largest annual profit by a U.S. company — $40.6 billion — as the world's largest publicly traded oil company benefited from historic crude prices at year's end.

Exxon also set a U.S. record for the biggest quarterly profit, posting net income of $11.7 billion for the final three months of 2007, besting its own mark of $10.71 billion in the fourth quarter of 2005.
Ironically, as their commodity disappears, they get richer and richer. Kinda like a pimp.

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