In These Troubled Economic Times…

Americans will no doubt take heart from the record profits just posted by that bulwark of the U.S. economy, Exxon Mobil.

Although fourth quarter profits were just a measly $7.8 billion (compared to $11.7 billion in the fourth quarter of 2007), 2008 was still a record year. Exxon Mobil posted the highest annual profit ever recorded by a U.S. company (handily breaking its own record, as all the very best world champions do):

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.

The previous record for annual profit was $40.6 billion, which the world’s largest publicly traded oil company set in 2007.