Oil and gas behemoth ExxonMobil reported a 3Q net profit of ~$3.2 billion, a 49 percent fall vs ~$6,25 billion a year ago.
The company cited lower prices, and higher growth-related expenses in the upstream division, lower margins in the Chemical and Downstream businesses as some of the reasons behind the drop in earnings. Brent crude averaged $62 in the third quarter of 2019, down from $75 in the third quarter of 2018.
Brazil Energy Insight 
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