Oil companies make record profits while prices keep rising

On January 31, 2008, oil giant Exxon Mobil Corp. posted its 2007 annual profit. It was the largest ever by a U.S. company, $39.5 billion. The U.S.'s second largest oil company, Chevron, had its most profitable year ever in 2007, making $18.7 billion. In 2007, ConocoPhillips, the U.S.'s third largest oil company, recorded its most profitable year ev

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