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$19.3 Billion Profit Is A 57% Drop For Exxon Mobil
By: devona walker
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Tue, 02/02/2010 - 08:10
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Exxon Mobil posted a $19.3 billion profit in 2009, an imposing figure in corporate America but down 57 percent from the all-time record the company set during the previous year's roller coaster in prices, according to the Washington Post.
The profit report on Monday coincided with the release of President Obama's fiscal 2011 budget proposal, which would rescind tax breaks for the oil and gas industry worth $36.5 billion over 10 years.
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