Climate

ExxonMobil 4th-Quarter Profits Rise To $9.4 Billion

CREDIT:

Exxon Mobil reported profits of $9.4 billion in the last three months of 2011, up $150 million from the fourth quarter of 2010. Most of the profits were spent enriching shareholders with a $5 billion stock buyback. Exxon’s total 2011 profit was $41.06 billion, or $1,300 a second.

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