From Yahoo Finance: 2025-05-02 06:36:00

Exxon Mobil exceeded first-quarter profit expectations, reporting $7.71 billion in earnings. The company paid $4.3 billion in dividends and repurchased $4.8 billion in shares. Despite market uncertainty, Exxon plans to invest $27-$29 billion in 2025 to maintain its position. Oil and gas production rose to 4.55 million barrels per day, boosting earnings. Refining profits decreased to $827 million. Exxon faces arbitration with Chevron over a Guyana oil joint venture. Exxon shares remained flat.



Read more at Yahoo Finance: Exxon beats Wall Street profit estimate, on track to meet buyback target