Exxon Mobil Corp.’s stock rose Friday after the oil giant topped analyst estimates for first-quarter profit and grew its production, and as the broad market also advanced.

Exxon Mobil on Friday beat Wall Street's estimate for first-quarter profit as higher oil and gas production from Guyana and the Permian basin helped boost earnings.

Exxon Mobil reported better than expected Q1 earnings, helped by higher production from Guyana and the Permian Basin, but revenues came in flat from the year-earlier quarter at $83.1B.

President Trump’s trade policies have helped to push down oil prices while raising the costs of materials for oil and gas companies.

Exxon Mobil and Chevron are pushing back on “shortsighted” investors and maintaining their growth plans even as they feud with each other.

Chevron and Exxon reported a drop in quarterly profits on Friday on the back of falling oil prices and weak refining margins, as the oil industry braces for its toughest year since the pandemic. Chevron said net income fell by just over a third to $3.