ExxonMobil's Q4 chemicals earnings dipped by 10% year on year to US$1.1 bln, due to lower margins and last-in first-out (LIFO) inventory effects. Interestingly, ExxonMobil made history by posting the highest ever quarterly and annual profits by a US firm- at US$11.7 bln for the quarter (14% hike), and US$40.6 bln for the year (a 3% rise).
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Tuesday, February 05, 2008
ExxonMobil's Q4 chemicals earnings dip by 10% yoy
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