I found the headline of the excerpted piece below kind of stunning. The big news here, of course, is that ExxonMobil's profits for 2008 were the highest ever recorded in all of human history. But this article highlights the fact that their 4th quarter wasn't quite as big as the rest of the year?
[Excerpt]
Exxon Mobil 4th quarter profit drops by a third
Exxon Mobil again broke its own record for highest annual profits ever by a U.S. company, pulling in $45.2 billion in 2008, an 11 percent jump over 2007’s $40.6 billion.
But the Irving-based oil giant’s lower fourth-quartery profits reflected how lower demand and plummeting oil and gas prices in the last three months of 2008 amid the global recession have siphoned the industry’s record-breaking streak, which became almost routine as crude rose to all-time highs. . .
But the Irving-based oil giant’s lower fourth-quartery profits reflected how lower demand and plummeting oil and gas prices in the last three months of 2008 amid the global recession have siphoned the industry’s record-breaking streak, which became almost routine as crude rose to all-time highs. . .
Read more at: Chron
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