Exxon Mobil and Chevron Report Lower Earnings Amid Iran War Disruption
Exxon Mobil and Chevron reported lower profits in the first quarter of 2026 despite rising oil prices due to the Iran war. The decline was attributed to unfavorable financial hedging and supply disruptions. Both companies' shares rose slightly in premarket trading.
Topics: Chevron earnings Exxon Mobil financial hedges Iran war oil prices profit decline