Exxon's Q1 earnings beat expectations despite decline in profits due to lower oil prices.

From CNBC: 2025-05-02 06:37:00

Exxon Mobil reported first-quarter earnings that beat Wall Street expectations despite a decline from the previous year due to falling crude oil prices. Volume growth in the Permian Basin and Guyana, along with cost-cutting measures, helped offset lower earnings. The company’s profits dropped 6% to $7.71 billion, with earnings per share at $1.76 compared to the expected $1.73. Exxon’s first-quarter capital expenditures were $5.9 billion, in line with its guidance for 2025. The company returned $9.1 billion to shareholders in the quarter. Stay tuned for updates.



Read more at CNBC:: Exxon (XOM) Q1 2025 earnings