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Earnings Results

Oil major’s stock rises as its books volume growth in the Permian and Guyana and benefits from cost-saving efforts.

First Published: May 2, 2025 at 6:51 a.m. ET

Exxon Mobil’s profit fell while narrowly topping Wall Street analyst expectations. Photo: Michael M. Santiago/Getty Images

Exxon Mobil Corp.’s stock rose 0.9% in premarket trading Friday after the oil giant topped analyst estimates for first-quarter profit.

Production increased 20% to 4.55 million oil-equivalent barrels a day with a boost of 767,000 barrels attributed largely to the company’s acquisition of Pioneer Natural Resources in the past year, Exxon Mobil said.

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Steve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.