Exxon Mobil (XOM) Q1 2026 (USD): EPS 1.16 (exp. 0.97), Revenue 83.16bln (exp. 81.13bln), Net 4.2bln, Production -6% due to the Middle East conflict
Exxon Mobil's Q1 results show a solid EPS beat and stronger-than-expected revenue, reflecting strong operational performance despite a production decline due to the Middle East conflict.
ExxonMobil (XOM) CFO says there is no change to the strategy around the Permian Basin, FT reports. Chevron (CVX) CFO said the Middle East crisis has not prompted a change to their plans.
Iranian Ambassador says "We reject any external interference in the Strait of Hormuz", adds "Diplomacy is the only way to resolve differences with the US", Al Mayadeen reports
Exxon Mobil (XOM) Q1 2026 (USD): EPS 1.16 (exp. 0.97), Revenue 83.16bln (exp. 81.13bln), Net 4.2bln, Production -6% due to the Middle East conflict
Aon (AON) Q1 2026 (USD): Revenue 5.03bln (exp. 4.97bln), Adj. EPS 6.48 (exp. 6.37); reaffirms guidance
Mediators in Islamabad believe a fair deal can be struck on the Middle East, and it is now down to Tehran to respond, CNN reports citing sources
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- Upstream earnings 5.7bln (prev. 6.8bln Y/Y)
- Net Production 4.6mln BOEPD; new record production in Guyana of over 900k BOEPD.
- Hormuz closure for the quarter is expected to lower global product solutions Q2 throughput by 3%, vs Q4-2025.
The significant year-over-year earnings drop in upstream operations raises concerns about the sustainability of profit margins amidst geopolitical risks and production challenges. Investors might be cautious about the future outlook, particularly considering potential supply chain disruptions in light of ongoing conflicts.
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