6% of Exxon Mobil's global output was knocked out in Q1 after oil and natural gas operations in the Persian Gulf were paralyzed by the Iran war. The supply disruption is material enough to tighten energy markets and lift oil and gas prices, creating near-term downside risk to Exxon's production and revenue trajectory.
6% of Exxon Mobil's global output was knocked out in Q1 after oil and natural gas operations in the Persian Gulf were paralyzed by the Iran war. The supply disruption is material enough to tighten energy markets and lift oil and gas prices, creating near-term downside risk to Exxon's production and revenue trajectory.
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strongly negative
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