Revenues for the fourth quarter of 2007 were $52.7 billion, versus $41.5 billion for the same period in 2006.
For 2007, net income was $11.89 billion, or $7.22 per share, including a second-quarter, after-tax impairment of $4.51 billion in the exploration and production segment related to the expropriation of the company’s Venezuelan oil projects.
Jim Mulva, chairman and CEO, said: We had another solid quarter, which contributed to a strong year in terms of operating performance and market conditions, enabling us to achieve positive financial results. We are delivering on our commitments, and we remain focused on continuous improvement in all of our operations.
