Exxon Mobil posts record $45.2 billion profit
Oil giant breaks record for full-year earnings despite quarterly slump
The Associated Press,
The fourth-quarter decline is not a surprise with oil's swift 60 percent plunge in the final three months of the year.
The previous record for annual profit was $40.6 billion, which Exxon Mobil set in 2007.
Crude prices began the year by passing the $100 mark and by July neared $150 per barrel. Since then, however, prices have fallen roughly 70 percent amid a deepening global economic crisis.
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