Stop Yer Whining, Some Are Getting Theirs
US economy shrinks almost 4%, Exxon posts record-breaking $45.2BN profit
"The U.S. economy shrank at a 3.8 per cent pace at the end of 2008, the worst showing in a quarter-century, as the deepening recession forced consumers and businesses to throttle back spending.
But its not all bad news - Exxon Mobil reported a profit of $45.2billion (£31.7billion) for 2008, breaking its own record for a U.S. company, even as its fourth-quarter earnings fell 33 per cent from a year ago."
Chevron's 2008 profit new record
"Chevron Corp. powered to a gusher of record profits in 2008 that totaled $23.9 billion, the company reported Friday, fueled in large measure by sky-high crude oil and gasoline prices for much of last year.
The full-year earnings for 2008 soared 28 percent above the 2007 profits of $18.69 billion - also a record at that time."
""We achieved much success in 2008," said David O'Reilly, Chevron's chairman and chief executive."
Exxon and Chevron - $6m an hour
"The U.S. economy shrank at a 3.8 per cent pace at the end of 2008, the worst showing in a quarter-century, as the deepening recession forced consumers and businesses to throttle back spending.
But its not all bad news - Exxon Mobil reported a profit of $45.2billion (£31.7billion) for 2008, breaking its own record for a U.S. company, even as its fourth-quarter earnings fell 33 per cent from a year ago."
Chevron's 2008 profit new record
"Chevron Corp. powered to a gusher of record profits in 2008 that totaled $23.9 billion, the company reported Friday, fueled in large measure by sky-high crude oil and gasoline prices for much of last year.
The full-year earnings for 2008 soared 28 percent above the 2007 profits of $18.69 billion - also a record at that time."
""We achieved much success in 2008," said David O'Reilly, Chevron's chairman and chief executive."
Exxon and Chevron - $6m an hour
posted by nolocontendere at 9:09 AM
2 Comments:
that rabbit hole must be pretty deep. i wonder how long the polywags will continue to say "deep" recession.
Everything is going smoothly as the final pennies are wrung from the people before the big finale.
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