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.

Exxon Mobil Corp. and Chevron Corp. are likely to shoulder more of the Permian Basin’s oil growth as independent producers cut back due to falling crude prices.

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

Big Oils Q1 earnings reveal a divergence in strategy as companies navigate falling crude prices, which hit a four-year low in April. Exxon Mobil and Shell maintained robust share buyback programs, signaling confidence