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HOUSTON – Exxon Mobil Corp. posted the largest annual profit by a U.S. company โ€“ $40.6 billion in 2007 โ€“ as the world’s largest publicly traded oil company benefited from historic crude prices at year’sย end.

Exxon also set a U.S. record for the biggest quarterly profit, posting net income of $11.7 billion for the final three months of 2007, besting its own mark of $10.71 billion in the fourth quarter ofย 2005.

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