Exxon Mobil Corp. has launched a ”full-court effort” to manage the impact of tariffs, its CEO said. The oil giant topped analyst estimates for first-quarter profit and grew its production.

Exxon raises 2024 oil and gas output goal to 4.3 million bpd Lifts capital spending guidance to $28 billion for 2024 Aims to cut cumulative $5 billion in costs through 2027 Sign up here. "I'd say ...

Exxon’s earnings dipped 6% year over year from $8.2 billion to $7.7 billion, while also up sequentially from $7.6 billion. Exxon’s stock was holding almost even, but up 0.6% in the afternoon.

Exxon Mobil said on Wednesday its annual project spending will rise to between $28 billion and $33 billion between 2026 and 2030, with a goal of lifting oil and gas output by 18%.

Exxon expects that its earnings will decline by $1.5 billion in the second quarter. It expects its earnings to grow meaningfully by 2030, even if crude prices don't improve. The oil giant revealed ...