BUZZ-Exxon climbs as Q4 profit beats on higher production

Shares of US oil major Exxon Mobil XOM.N rise 1.6% to $111.34 in premarket trade

Exxon beats Q4 profit estimate on higher oil and gas production

Profit per share was $1.67, beating analysts' average estimate of $1.56, according to data compiled by LSEG

FY24 earnings fell 13.2% to $33.46 billion on weaker refining margins

Rival Chevron CVX.N also posted Q4 earnings on Friday, but below Wall Street estimates as weak margins pushed its refining business into a loss for the first time since 2020

XOM up ~2% YTD