Exxon Mobil earns record profits

March 2008
South Texas Automotive Report;Mar2008, Vol. 10 Issue 6, p7
Trade Publication
The article reports that Exxon Mobil added 1.6 billion barrels of oil which totals 101 percent of its output for 2007. The entry cites that Exxon Mobil's key proved reserves were added from new operations in North America, the Middle East, Europe and West Africa. It also notes that the company posted the largest annual profit by a U.S. company at $40.6 billion, and set a U.S. record for biggest quarterly profit with its net income of $11.7 billion in the last quarter of 2007.


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