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Exxon Warns Of $6.5 Billion Hit From Iran War As Q1 Earnings Set To Print Slightly Below Consensus
Exxon Warns Of $6.5 Billion Hit From Iran War As Q1 Earnings Set To Print Slightly Below Consensus
In an early clue how the Iran war will impact energy earnings, ExxonMobil warned of a $6.5bn hit to Q1 earnings from the Iran war but said the bulk of this was the result of unfavorable timing for its accounting of hedging contracts, which would be offset as underlying transactions were eventually completed. The US supermajor also said that global oil and gas production would be 6% lower in the first three months...
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May 31, 2026 / Tyler Durden
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Authored by Lance Roberts via RealInvestmentAdvice.com,
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Readers have been well ahead of both the federal government and the mainstream news cycle in asking whether there is a "Cuba connection" behind the radicalization of the Democratic Party and its aligned billionaire-funded nonprofit universe.
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