InfoAnda - Exxon notches 45.22 billion dlrs record profit

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Japan approves record draft budget for next year | 25 December 2010
Officials: Suspected US drone crashes in Pakistan | 25 January 2010
Dell to buy SecureWorks to beef up security | | 5 January 2011

Daewoo puts Myanmar gas fields investment at $3 bln | 3 September 2009

">Forum Views () ">Forum Replies ()

Read more with google mobile : Exxon notches 45.22 billion dlrs record profit

Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Exxon notches 45.22 billion dlrs record profit AFP - Saturday, January 31 WASHINGTON (AFP) - - Exxon Mobil on Friday notched a record 45.22 billion dollar profit in 2008 despite a 33 percent income decline in the fourth quarter as the oil giant rode out high volatility in energy prices. It was the biggest annual profit declared by any publicly listed company in the world, coming on the back of crude's triple-digit price for most of the year, rocketing to a record peak above 147 dollars a barrel in July. The Irving, Texas-based company shattered its own annual profit record of 40.6 billion dollars posted in 2007 even as fourth-quarter income declined to 7.82 billion dollars. The quarterly drop in earnings was the biggest since 2001 as oil prices collapsed at the end of 2008 amid recession in the United States and most of the industrialized world following financial turmoil. Its quarterly profit even then was equivalent to 1.55 dollars per share, beating analysts expectations of 1.45 dollars. Exxon, also the largest US oil producer, said capital and exploration spending rose 11 percent to 6.8 billion dollars in the fourth quarter, taking such expenditures for the whole year to 26.1 billion dollars. "Exxon Mobil's financial strength continued to support its disciplined capital investment approach in the midst of a growing global economic slowdown," company chairman Rex Tillerson said in a statement. He said that weaker crude oil prices, higher operating expenses, lower chemical volumes and the impact of hurricanes that hit the US Gulf Coast in the fourth quarter were partly offset by higher downstream margins. The company's quarterly revenues fell 27.4 percent year-over-year to 84.7 billion dollars. Cash flow from operations and asset sales between October to December was about 12.2 billion dollars, the company said. Exxon shares rose 1.19 percent to 77.92 dollars. Chevron, the second biggest American oil firm, reported Friday that its final quarter net profit in 2008 rose marginally -- less than one percent -- to 4.9 billion dollars. The San Ramon, California-based company's full year income rose 28 percent to 23.93 billion dollars. Houston-based ConocoPhillips, the third biggest US oil company, was not so lucky, reporting earlier this week a quarterly loss of 31.8 billion dollars, the largest loss in its history, after writing off the value of key assets. While top oil companies seemed to have pulled through the oil price slump so far, many expect 2009 to be a rough year for petroleum companies. Anglo-Dutch energy giant Royal Dutch Shell announced Thursday it made a net loss of 2.81 billion dollars in the final quarter as plunging oil prices slashed the value of inventories. The loss compared with a net profit of 8.47 billion dollars during the fourth quarter of 2007 when crude prices were far higher, Europe's largest oil company said. Most oil companies are trimming investments and slashing costs as they faced the biggest downturn in 25 years. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Enlarge Photo An Exxon gasoline station in Washington. Most Popular – Top Stories Viewed US House approves massive economic stimulus bill Financial crisis bringing global economy to standstill: IMF Soldier suicides hit record in 2008: US Army Merkel and Brown call for global economy rules Boeing to cut 10,000 jobs after loss View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

Other News on Saturday, 31 January 2009
Iraq encouraged by US reassurances, minister says
Iraq in lockdown on eve of provincial vote
U.S. envoy warns of setbacks ahead in Mideast talks | International |
Obama retools campaign machine
Iraq on high alert after election candidates shot dead
Amanda Bynes Sued Over Multi-Car Pile Up Accident
Spotlight on vote-buying on eve of Iraqi ballot | International |
Apple gadget ecosystem plants new roots
Merkel and Brown call for global economy rules
Facts about Saturday's Iraqi election
Exxon notches 45.22 billion dlrs record profit
Turkish PM defends Gaza outburst
Zimbabwe opposition will join government
Hamas wants new leadership for Palestinians
Congo children branded as witches, abducted: U.N. | International |
Georgia's Saakashvili names fifth PM in five years | International |
Priests' comments on Jews, Muslims embarrass Pope | International |
North Korea warns South on rising tensions
UN special envoy Ibrahim Gambari to visit Myanmar
Sri Lanka rejects ceasefire with Tamil rebels
Two auto workers die in clash with Venezuela police
Indonesia to repatriate Myanmar 'economic migrants'
Oil wavers on economic data from Commerce
Thousands Still Without Power In Parts Of Kentucky
Broke Pennsylvania Town Asks Police, Employees To Continue Working
PA State Survey Finds 1 Million People Without Health Insurance, Many Of Them Employed
Update: White House Launches Task Force Headed By Biden To Strengthen Middle Class
Economy Shrinks The Most In 3 Decades; White House Calls For 'Aggressive' Stimulus
Alaska Gov. Sarah Palin To Dine With President Obama During Annual Banquet
Report: Republican Senator Being Considered By Obama As Commerce Secretary
India's Tata Motors losses $54 million in quarter
India's Tata Motors reports Q3 net loss of 53 mln dlrs
Rapper DMX sentenced to 90 days in jail | Entertainment |
Taylor Swift launches first headline tour | Entertainment |
Miss America hopes to see Super Bowl champ crowned
Bacon exhibition to open at Madrid's Prado
Franco-Mexican mini matador aims high
Rome University offers master's in teaching the Holocaust
Golden age of archaeology in China
Yes we can: Schools, streets renamed for Barack Obama
Thought things were bad? US survivalists await worse
New photo exhibit pictures black America in racially riven US
ABC's 'General Hospital' getting a makeover
Bollywood's 'Victory' in Colombo
Broke Pennsylvania Town Asks Police, Employees To Continue Despite Lack Of Paychecks
Smokers In California City Face $100 Fine For Smoking In Apartment, Condo
Monster.com Hacked For Third Time
President Obama, Formal Rival Gov. Palin To Dine Together At Annual Banquet
Iraqis vote as violence begins to fade | International |
Islamist looks set to be new Somali president | International |
Hamas needs to be part of peace process: Blair | International |
Security Council reform talks to start in February | International |
Ex-Fannie Mae programmer says not guilty of virus | Technology |
Broadband link to U.S. jobs exaggerated: experts | Technology |
Paul McCartney to headline Calif.'s Coachella | Entertainment |
Rapper DMX sentenced to 90 days in jail | Entertainment |
Italian writer raises case against Button | Entertainment |
Broadway bids to woo audiences amid recession | Entertainment |
De Niro's restaurants to pay $2.5 million in tip case | Entertainment |
Killing of Iraqi candidates highlights dangers
British protests against foreign energy workers spread
Iraq on high alert for election day violence
Brazil will not bow to Italy to extradite Battisti: Lula
U.S. envoy warns of setbacks ahead in Mideast talks
Major political forces in Iraqi elections
Cyprus searches suspected Hamas-arms ship
Obama addresses global trade imbalances with Hu
Obama places call to China's president
US-TECH Summary
Ex-Fannie Mae programmer says not guilty of virus
Data theft from firms topped a trillion dollars in 2008: study
US economy down 3.8 pct, not as bad as feared
Broadband link to U.S. jobs exaggerated: experts
NYC Mayor Bloomberg Announces Major Budget Cuts
Michael Steele Becomes First African-American Republican Chairman
US-ENTERTAINMENT Summary
Italian writer raises case against "Button"
Q&A: `Virtuosos' talk about film awards season
De Niro's restaurants to pay $2.5 million in tip case
Paul McCartney to headline Calif.'s Coachella
Tempers flare in New York horse war
UN confirms special envoy's visit to Myanmar
Bollywood promoter sentenced in bank fraud scam
Strick named director of Nasher Sculpture Center
Liberal Groups Take To Airwaves To Strike Back At Rush Limbaugh
Wall Street Dips On Concerns Of 'Bad Bank' Delay
Yushchenko warns against 'social catastrophe'
S.Korea downplays N.Korea's vow to drop peace pact
Iraqis vote behind barbed wire, testing security | International |
Iraqis vote behind barbed wire as violence fades
Islamist leader wins Somali presidency | International |
U.N. envoy arrives in Myanmar, reform hopes slim | International |
Sputtering Wall Street awaits Obama stimulus
U.S. senator says missile shield could boost U.S.-Russia ties
Obama urged not to backburner climate change
US military deaths in Iraq war at 4,236
US military deaths in Afghanistan region at 573
U.S. judge says will likely rule for Micron | Technology |
Oxfam says new U.S. strategy needed in Afghanistan
Blackwater's Iraq deal not to be renewed
U.S. eyeing plan for fifth brigade in Afghanistan
Tour Bus Accident Near Hoover Dam Kills 7 Chinese
U.S. State Department Not Renewing Blackwater Contract For Iraq
FDA To Ban Painkiller Linked To Suicides
Florida House Speaker Temporarily Quits Amid Illegal Dealings Probe
Jan 30 Highlights Of Low Points In U.S. Economy
Free online game lets players be Hudson River hero pilots
After Idol, Doolittle Coming Back to spotlight | Entertainment |
Classical fans build vacations around music | Entertainment |
Classical fans build vacations around music
Japan PM set to announce huge aid package: reports
Prosecutor: Polanski defense motion is 'frivolous'
US economy slumps as world crisis tightens grip
SMU's museum opens exhibit of Etruscan artifacts
New Airbus joint-venture with China announced
Spears gets restraining order on Lutfi, Ghalib
After "Idol", Doolittle "Coming Back" to spotlight
India: 5 newborns killed in hospital fire
China's Hu urges Obama to resist protectionism
Endangered Sumatran tigers kill Indonesian farmers
UN urges safety of civilians as Sri Lanka presses for victory
Six dead after tour bus crashes in Arizona: police
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01