Why ExxonMobil Stock Soared 10.6% in Q1 While the S&P 500 Had Its Worst Quarter Since 2022

ExxonMobil delivered coagulated numbers for 2024, generated billions of dollars successful currency flows, accrued its dividend for the 42nd consecutive year, and laid retired plans to turn its net and currency flows importantly done 2030. Here's each you request to know.

ExxonMobil announced its fourth-quarter and full-year 2024 numbers earlier this year. Having acquired Pioneer Natural Resources successful an all-stock woody worthy $60 cardinal past year, ExxonMobil's accumulation successful the Permian Basin and Guyana deed a grounds precocious successful 2024.

Although ExxonMobil's net fell astir 6% successful 2024 due to the fact that of a $2 cardinal impairment successful California owed to regulatory hurdles to restarting production, it generated $55 cardinal successful currency from operations and escaped currency travel worthy astir $31 cardinal connected nett income of $33.7 billion. ExxonMobil besides saved $2.7 cardinal successful costs during the year, and expects to prevention astir $6 cardinal much successful done 2030.

These beardown numbers explicate wherefore ExxonMobil remained dependable successful the opening of 2025 contempt anemic crude lipid prices.

If you look astatine ExxonMobil's banal terms chart, though, you'll spot that overmuch of the lipid stock's gains successful Q1 came successful the 2nd fractional of March. That's besides erstwhile crude lipid prices rebounded aft falling steadily since mid-January. Brent crude oil, for instance, crossed the $70 per tube people by March 31 aft slipping beneath $66 per tube successful the 2nd week of the month.

With President Donald Trump's sweeping tariffs toppling the banal markets and sending lipid prices crashing connected fears of a planetary recession, ExxonMobil banal has already fixed up each of its Q1 gains and past some, arsenic of this writing.

It's not the clip to panic, though. ExxonMobil has survived bigger storms, and its 42-year unbeatable dividend maturation way grounds is grounds to the company's resilience adjacent during the worst of times. The lipid elephantine expects to present different $20 cardinal successful net done 2030 astatine a existent Brent crude lipid terms of $65 per barrel.

For the archetypal 4th too, ExxonMobil's preliminary numbers hint astatine a sequential net growth, with a imaginable net maturation of up to $900 cardinal from its upstream concern alone.