2008 was a rough year for corporate earnings--unless you're Fortune 500 giant Exxon Mobil. The oil and gas producer extracted $45
billion in profits last year, more than any U.S. company has ever earned in a single year.
Unsurprisingly, profits tumbled last quarter when gas prices finally came down. But Exxon hedged its losses with sales of refined profits like gasoline, where profits fell less.
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