Exxon beats Q1 earnings estimates amid Iran conflict
Exxon beat Q1 estimates with $1.16 adjusted earnings per share. Growth in Guyana and the Permian Basin helped offset disruptions from the Middle East conflict.
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EXXON MOBIL CORP reported first-quarter adjusted earnings of $1.16 per share, beating the $1.00 consensus estimate despite supply chain disruptions. Net income fell to $4.2B from $7.7B in the prior year, marking the lowest profit level for the producer since 2021. Investors are weighing record production in the Americas against a 6% output drop caused by conflict in the Middle East.
