Exxon Mobil Corporation (NYSE:XOM) shares traded lower on Wednesday as geopolitical tensions disrupted operations.
The oil and gas behemoth said in an exchange filing that it expects Middle East disruptions to reduce first-quarter upstream earnings by $300 million to $500 million.
The company also sees a $100 million to $300 million hit to its energy products segment.
Broader Market Backdrop
Oil and gas stocks moved lower after President Donald Trump signaled progress toward a U.S.-Iran agreement, easing fears of prolonged supply disruptions.
The de-escalation outlook pressured oil prices as expectations of improved Middle East supply and reduced geopolitical risk weighed on the sector.
Exxon Mobil outlined multiple factors expected to influence first-quarter 2026 results, including supply interruptions and pricing dynamics.
ExxonMobil said instability in the Middle East affected production volumes and logistics during the quarter.
These disruptions, combined with market factors and seasonal trends, impacted performance.
Middle East Disruptions Pressure Output
ExxonMobil …
This post was originally published here
