Exxon Mobil Sees Profit, Cash Flow Rise

Exxon Mobil Corp. (NYSE: XOM) saw cash flow rise during the third quarter to its highest level since third-quarter 2014 and debt fall to a level not seen since late 2015 as it moved forward with developments such as those in the Permian Basin and offshore Guyana.

But entitlements and divestments brought down the company’s total production for the quarter, though liquids volumes in its Permian Basin acreage grew 57% compared to a year earlier.

The Irving, Texas-headquartered company reported Nov. 2 third-quarter earnings increased 57% to $6.24 billion, compared with $3.97 billion a year earlier. Exxon Mobil’s U.S. upstream segment saw its earnings swell to $606 million, up from a loss of $238 million.