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)