The world's largest publically listed company, the oil giant Exxon Mobil, has reported $40.6bn (Ј20.4bn) net profits during 2007, a record for a US company.
Net profits surged to $11.66bn during the October to December quarter, up from $10.7bn a year earlier.
The profits were buoyed by soaring global oil prices which briefly hit $100 a barrel in December.
On Thursday, Anglo-Dutch rival Royal Dutch Shell saw $27.56bn annual profits, a record for a UK-listed firm. Defence chief 'misquoted' on Nato ...
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(BBC)
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