Exxon Beats Earnings Expectations. The Stock Is Rising. - Barron's
1. Exxon beat earnings expectations despite oil price downturn. 2. Analysts predict $1.75 EPS, down from $2.06 last year. 3. Exxon plans $20 billion in stock buybacks this year. 4. Company aims to increase production from 4.3M to 5.4M barrels by 2030. 5. High spending versus expected free cash flow raises investor concerns.