Exxon mobil 4Q 2008 earnings release

ExxonMobil announced estimated record earnings for 2008. Net income for the fourth quarter of 2008 was $7.82 billion, a decrease of 33% from the same period in 2007, partly due to damage from hurricanes. For the full year, net income was $45.22 billion, an 11% increase over 2007 and also a record. Earnings per share excluding special items increased 16% for the full year due to share repurchases. Capital and exploration expenditures increased 25% in 2008 to $26.1 billion to support long-term investments.