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Exxon Mobil Sees Middle East Conflict Lowering Q1 Upstream Earnings by $300-500M and Lowering Energy Products by $100-300M

Benzinga·04/08/2026 11:02:25
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Impacts on Exxon Mobil assets as a result of disruptions in the Middle East region:

• Upstream assets in Qatar and the UAE, which accounted for approximately 20% of our 2025 global oil-equivalent barrels of production, were impacted by production disruptions beginning in early March 

• Unavailability of crude deliveries impacting refinery throughput