Exxon Mobil beat Wall Street expectations for the third quarter, boosted by rising oil and gas production in Guyana and the Permian Basin despite lower crude prices.

Exxon Mobil posted solid third-quarter results on Friday, buoyed by strong production from its Guyana and Permian Basin operations.

Chevron Corp will move forward with its $53 billion acquisition of Hess Corp after winning a landmark arbitration case against Exxon Mobil, clearing the way for access to one of the largest recent oil discoveries.

Recent monthly reports from official energy agencies reveal a softer outlook for global oil demand, even as geopolitical tensions continue to simmer, News.az reports citing Investing .