US EditionExxon says 6% of its worldwide production shut in Q1 from Middle East war (XOM:NYSE)
4 Articles
4 Articles
The price of ExxonMobil oil shares fell up to 6.3% on the US stock market after announcing a loss of up to 6% of its world production in the first quarter of the year due to the cessation of oil and natural gas operations due to the escalation of war in the Middle East. [...] The entry ExxonMobil falls in stock more than 6% after confirming a decrease in its production due to the conflict in Iran aparece primero en Forbes España.
Exxon output drops 6% as Middle East war disrupts Gulf operations
(Oil Price) – ExxonMobil lost 6% of its global production in the first quarter as the Iran war paralyzed oil and natural gas operations in the Persian Gulf. Half those outages were from a liquefied natural gas complex in Qatar in which Exxon is a partner, the company said Wednesday. Two LNG production lines, or trains, at the facility were damaged by Iranian missile strikes. “Public reports indicate the damage will take a prolonged period to rep…
ExxonMobil warned that its production in the first quarter of 2026 will fall 6% compared to the previous quarter due to attacks that affected facilities in Qatar and the United Arab Emirates, where it has a stake. The company noted that its assets in the Middle East account for about 20% of its global production, although they contribute a smaller share of its upstream profits. Moreover, it did not yet quantify the impact on its liquefied natura…
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
