Exxon Beats Wall Street Profit Estimate, Boosted By Guyana And Permian Production

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. The largest U.S. oil producer paid $4.3 billion in dividends and repurchased $4.8 billion in shares during the quarter. The buyback figure puts Exxon on track to meet its annual share repurchase goal of $20 billion.