Oil industry profits plunge; no regrets at Exxon (AP)

An Exxon tanker truck makes a refueling stop at an Exxon station in Arlington, Va., Friday, Jan. 30, 2009. Exxon Mobil Corp. on Friday reported a profit of $45.2 billion for 2008, breaking its own record for a U.S. company, even as its fourth-quarter earnings fell 33 percent from a year ago. (AP Photo/J. Scott Applewhite)AP – The extraordinary profits for Exxon Mobil may be over for now, but opportunities abound even in a year that’s expected to be miserable for the entire oil and gas industry.

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