Exxon Mobil Corp. has posted the largest yearly profit by a U.S. company in the country's history.
On Friday, Irving-based Exxon Mobil showed a yearly profit of $40.6 billion, numbers largely derived from soaring crude oil prices. The previous yearly record for a publicly traded U.S. company was set in 2005 by Exxon Mobile, when it posted a $39.5 billion profit
The company also set a new record for largest quarterly profits, posting net income at $11.6 billion for the three months ending December 2007, up 14 percent over 2006's fourth quarter profits of 10.2 billion. The figures represent a gain of $2.13 per share, versus $1.76 per share in 2006.
Exxon Mobil Corp. produces 3 percent of the world's oil.
