US supermajor Exxon saw net earnings jump 50% year-on-year to $4billion due to higher realised oil and natural gas prices.
Total revenue to the third quarter was $66.16billion, up from $58.67billion reported in Q3 last year.
Income before taxes amounted to $5.58billion compared to the $3.22billion reported in the same period in 2016.
Net income topped the $4billion mark, up 50% from $2.7billion a year earlier.
The firm put the earnings increase down to commodity price improvement and a strengthened performance in the upstream and downstream segments.
Impacts related to Hurricane Harvey reduced earnings by an estimated 4 cents per share.
Darren Woods, chairman and chief executive officer, said: “A 50% increase in earnings through solid business performance and higher commodity prices is a step forward in our plan to grow profitability.
“For the fourth-consecutive quarter, we generated cash flow from operations and asset sales that more than covered our dividends and net investments in the business.”
Upstream earnings rose to $1.6 billion as commodity prices increased.
Building on its recent success in deepwater exploration, such as the Turbot discovery in Guyana, Exxon added 12 offshore blocks in Brazil, capturing acreage with high resource potential and competitive fiscal terms.
Downstream results increased to $1.5 billion, despite Hurricane Harvey impacts and the absence of favorable asset management gains of $380 million in the prior year from the sale of Canadian retail assets.
These results were achieved as the company worked bring refineries back online following the storm and to restore product supplies.
Chemical earnings were $1.1 billion, down slightly from a year ago on lower commodity margins and hurricane impacts, partially offset by volume growth.
During the quarter the company enhanced its position to capture growing demand in Asia by completing the purchase of an aromatics plant in Singapore.
Exxon said it had identified emerging trends such as increasing estimates of available natural gas supplies and ongoing reductions in costs of supply for natural gas.
The frim said in its Q3 update: “In the fourth quarter of 2017, the corporation will incorporate the impacts of these trends and the resulting lower price outlook in its annual planning and budgeting cycle.
“Once complete, the corporation expects to perform an impairment assessment for its North American natural gas asset groups utilizing the information developed as part of the planning and budgeting process.”
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