BIG OIL: Exxon Mobil reports record profits…again
Maybe Exxon will invest their profits into improving their renewable energy portfolio or oil refining capacity and efficiency. Not! From The Swamp – Tribune’s Washington Bureau, DC:
Here’s news that the economy isn’t entirely in the tank — or maybe that it is:
Exxon Mobil Corp. today reported a profit of $45.2 billion for 2008 — breaking its own record for a U.S. company, even as its fourth-quarter earnings fell 33 percent from a year ago.
While banks and automakers report multibillion-dollar losses, the oil company’s new record profits easily surpass the $40.6 billion reported by the world’s largest publicly traded oil company in 2007.
On the Net: Myths and Facts about Oil Refineries in the United States
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