Exxon Mobil Signals $2.9B Q1 Earnings Bump On Higher Oil Prices

U.S. Oil & Gas giant Exxon Mobil (NYSE:XOM) has signaled that surging oil and gas prices triggered by the conflict with Iran could increase its first-quarter upstream earnings by up to $2.9 billion, with the oil price boost expected to outweigh production disruptions in the Middle East. Exxon estimates that disruptions to its assets in the United Arab Emirates and Qatar will lower its global oil-equivalent production by 6% in the first quarter compared to Q4 2025, but higher commodity prices are projected to provide a profit lift between…