ExxonMobil Corp. reported $3.17 billion in profits in the third quarter, nearly half of its profit from one year ago, according to the company’s third quarter earnings statement. ExxonMobil Corp. reported $3.17 billion in profits in the third quarter, nearly half of its profit from one year ago, according to the company’s third quarter earnings statement. The oil major posted $2.17 billion in upstream earnings, down from $4.23 billion one year ago. Exxon did report an increase in liquids production by five percent from one year ago, driven by the Permian. The company’s downstream business saw earnings of $1.23 billion, a 25 percent decrease from $1.64 billion a year ago. Chemicals had $241 million in earnings, a 66 percent decline from $713 million one year ago partly attributed to weak margins. “We are making excellent progress on our long-term growth strategy,” said CEO Darren Woods. “Growth in the Permian […]