Exxon Mobil earnings reveal Iran war impact on production and profits
Updated
Updated · Barron's · Apr 30
Exxon Mobil earnings reveal Iran war impact on production and profits
12 articles · Updated · Barron's · Apr 30
Ahead of Friday's first-quarter results, Exxon said damage to a Qatar LNG plant in which it holds a stake will cut output 6%, with about 20% of production tied to the Middle East.
Analysts expect earnings per share of 98 cents on $81.1 billion in sales, down from $1.76 and $83.1 billion a year earlier, despite higher oil and gas prices.
Investors are watching how long supply disruptions last, while hedging accounting is also set to weigh on reported profit; Exxon shares have retreated to about $154 after hitting a record $176 earlier this year.
The Iran War has erased a predicted LNG surplus. How will this reshape the global transition to cleaner energy sources?
Iran’s nuclear facilities were reportedly destroyed in 2025. What is the true strategic goal behind this devastating 2026 energy war?