- Jan 30, 2009
Gassed Up: Exxon Mobil posts record $45.2 billion profit in 2008
Chevron, second only to Exxon Mobil in size, managed to post a $43 billion profit in 2008, but other smaller oil companies haven't been quite as successful in navigating the sinking global economy. Royal Dutch Shell, Europe's largest oil company, posted its first quarterly loss in a decade after seeing huge profits earlier in the year. The coming year should prove to be a similar challenge for each of the oil producing companies.
[Source: AP via Google | Photo by David McNew/Getty]