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Record Profits? Record Profits.
Motley Fool Money
ExxonMobil's Results Are Not Lean Times, Bill.
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ExxonMobil, due to its size, just has more options in terms of their capital allocation. One of the things they can do in rougher times is they've got a balance sheet that enables them to maybe make some acquisitions at a cheaper price. In 2008, they made $45 billion in profits. 14 years ago, they made within shouting range of the same profit level. That is a compound growth rate of 1.9%.
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