ExxonMobil reported better first-quarter results than analysts expected Friday, while rival Chevron beat earnings estimates but fell just short of revenue forecasts.

Exxon Mobil Corporation XOM reported first-quarter 2025 earnings per share of $1.76 (excluding identified items), which beat the Zacks Consensus Estimate of $1.72. The bottom line, however, declined from the year-ago level of $2.

Earnings from US supermajor's oil and gas unit offset declines in other units where weak refining margins took their toll