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ExxonMobil reports Q4 2009 and full year financial earnings

ExxonMobil 2009 profits slide after record 2008 profits

The largest U.S. based oil company, and the most traded oil company in the world, ExxonMobil, today announced Q4 financial earnings, and full year 2009 earnings.

Exxon reported a material 23-percent decline in Q4 profits, compared to the same period last year. The company earned a $6.05-billion profit ($1.27 per share) in Q4 2009, compared to $7.82-billion YoY. Q4 2008revenue was $84.7-billion.

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Exxon Mobil announces first real clean energy investment

ExxonMobil today has announced a massive $600 million partnership with Synthetic Genomics Corp to explore alternative energy.

More specifically, Exxon is looking at developing fuel with second-generation photosynthetic algae, a good clean and sustainable alternative that even consumes carbon dioxide.

ExxonMobil VP of Research told the AP today, “This is not going to be easy, and there are no guarantees of success,”

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ExxonMobil invests $26B in TransCanada Alaska pipeline

ExxonMobil Corp announced today a massive $26 billion investment with TransCanada Corporation for the US Alaska natural gas pipeline project.

Upon completing, the project would provide access to 36 trillion cubic ft of natural gas in the Arctic region. The pipeline would provide up 4-4.5 billion cubic ft in daily natural gas.

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ExxonMobil Chairman CEO Rex Tillerson made $24M in 2008

ExxonMobil Chairman and CEO Rex Tillerson, 57, earned $23.9 million in 2008 from the company, according to regulatory filings today.

Tillerson income stems from $17.6 million in stock options, $1.9 million base salary, $122,000 for home security, $57,000 for a driver, $446,828 in perks, among other income.

ExxonMobil continues to do very well. In 2008, the company recorded a record profit of $45.2 billion, up from a previous record profit of $40.6 billion in 2007.

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

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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