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.

The statements from ExxonMobil and Chevron CFOs underscore that the ongoing Middle East crisis has not altered their strategic plans in the Permian Basin or the region.

Newsquawk StaffPublished 1 May 2026, 11:01 UTCOn the live feed at 10:41 UTC — 5 more headlines followed before this page went public

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10:49

ECB's Makhlouf says without a clear timeline for the Middle East conflict, he is concerned about a higher-for-longer energy price scenario

10:46

UK FCA acknowledges the legal challenges to the motor financing scheme. Further advice to be provided next week.

10:41

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.

10:37

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

10:30

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

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This resilience signals market confidence amidst geopolitical turmoil but could also influence investor sentiment towards the energy sector by highlighting a focus on operational stability over potential shocks.

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