Exxon earns $45B in 2008, Highest Recorded Revenue From Any Public Company

By Hercules Kataveli, B2P
Published on Friday January 30, 2009 at 3:09 pm ET
Updated 08-23-10, 2:19 pm ET

exxonTexas based Exxon mobile has just reached a significant milestone in the process breaking a world record. The company said today 2008 total profits were $45.22 billion, the highest amount ever recorded for a publicly traded company anywhere in the world. Exxon was still able to post this massive number despite Q4 revenue being down 33% to $84.7 billion thanks to lower and highly volatile crude and energy prices. Exxon Chairman Rex Tillerson said, “Exxon Mobil’s financial strength continued to support its disciplined capital investment approach in the midst of a growing global economic slowdown,”

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Hercules holds a B.Comm Finance from Ryerson University in Toronto, Canada. He is a Chartered Financial Analyst (CFA) level 3 candidate. He was previously a contributor at FiLife, a finance website owned by Dow Jones and IAC. Write to [email protected]
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