Trading & rising production in #Guyana offset falling #Oil prices.

Exxon ended quarter with $31.6 billion of cash, 4% lower than previous period, mainly due to shareholder payouts:

Exxon paid out S&P 500's fourth-largest combination of dividends and buybacks during the past 12 months.

That, however, didn't help its stock. $XOM declined +9% in 2023 vs. 24% gain in the $