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Despite a drop in its fourth-quarter earnings and collapsing oil prices, Exxon Mobil, the world’s largest publicly traded oil company, still managed to set a record as the most profitable American corporation ever last year.

The company has started up eight major projects last year, including a huge offshore platform in the Gulf of Mexico, called Thunder Horse, and a large liquefied natural gas terminal in Qatar, called Qatargas II Train 4.