Saturday, January 31, 2009

ExxonMobil & Chevron Post Record 2008 Income

Exxon and Chevron have once again reported strong fourth-quarter earnings.

Exxon's 33% decline in fourth-quarter earnings topped a year in which it reported record income of $45.2 billion in 2008.

While crude oil prices fell to $45 a barrel from $100 in the quarter, Exxon generated net income of $7.82 billion.

Chevron posted $4.9 billion in 4th quarter income.

ExxonMobil is the largest oil company in America and Chevron, the second-largest U.S. oil company. (WSJ, 1/31/09)

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