Why ExxonMobil Stock Soared 10.6% in Q1 While the S&P 500 Had Its Worst Quarter Since 2022
ExxonMobil stock's potential cash flow and dividend growth make it a buy.
The S&P 500 may have logged its worst quarter since 2022 in the first three months of 2025 with its 4.6% drop, but shares of ExxonMobil (NYSE: XOM) defied the odds and returned 10.6% in Q1 this year, according to data provided by S&P Global Market Intelligence.
ExxonMobil delivered solid numbers for 2024, generated billions of dollars in cash flows, increased its dividend for the 42nd consecutive year, and laid out plans to grow its earnings and cash flows significantly through 2030. Here's all you need to know.
ExxonMobil announced its fourth-quarter and full-year 2024 numbers earlier this year. Having acquired Pioneer Natural Resources in an all-stock deal worth $60 billion last year, ExxonMobil's production in the Permian Basin and Guyana hit a record high in 2024.
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