Posted AT 12:52 PM EDT on 01/02/08
Exxon Mobil posts U.S. record profits
HOUSTON — Exxon Mobil Corp. Friday posted the largest annual profit by a U.S. company — $40.6 billion (U.S.) — as the world's biggest 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, beating its own mark of $10.71 billion in the fourth quarter of 2005.
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