Exxon Mobil stock climbed early Friday as the oil giant beat earnings expectations and hiked its dividend, clearing a high bar for the shares to keep rising. The oil major reported earnings per share of $1.

Exxon Mobil reported upbeat Q3 earnings, driven by record production. Analysts maintain Hold/Sector Perform ratings on macro concerns.

Exxon beat Wall Street's earnings expectations, though its profits fell slightly compared to the year ago period. The oil major booked net income of $8.61 billion in the quarter, or $1.92 per share. The company returned $9.

U.S. supermajors Chevron and Exxon Mobil reported third-quarter earnings and revenue before the market opened on Friday.

Exxon Mobil Corporation's ( NYSE:XOM ) dividend will be increasing from last year's payment of the same period to