Exxon (XOM) sees 6% hit to Q1 production vs Q4 amid Middle East conflict, guides Q1 EPS up Q/Q (prev. USD 1.71)

Exxon has announced a reduction in its Q1 production, projecting a 6% decline compared to Q4, primarily due to disruptions related to the ongoing Middle East conflict.

Newsquawk StaffPublished On the live feed at 8 more headlines followed before this page went public
Newsquawk headlinesUTC

EU Commission spokesperson says this energy crisis will not be short-lived

Russia's Foreign Ministry has summoned the Japanese envoy and has lodged protests relating to Japan's terra drone investment in Ukrainian interceptors

Exxon (XOM) sees 6% hit to Q1 production vs Q4 amid Middle East conflict, guides Q1 EPS up Q/Q (prev. USD 1.71)

Iran’s Revolutionary Guards reiterate that they are prepared to respond forcefully to any attack

Finland announces a EUR-denominated 10yr bond, to be sold via syndication

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Free. No signup, no card.
Context

However, the company has also guided a sequential increase in Q1 EPS, raising it above previous expectations, which may suggest resilience or operational efficiency amid challenges. Traders should weigh the impact of potential production constraints against stronger earnings guidance, particularly in the context of current oil market dynamics.

Related headlines

The whole workspace, free to try.

Try it free