ExxonMobil Reports Lower Profits Despite Rising Oil Prices

Despite a significant rise in oil prices during Q1 2026 due to the war with Iran, ExxonMobil reported lower profits compared to previous quarters. The company cited supply disruptions and timing effects on derivative positions as key factors behind its earnings decline.

By Matt DiLallo, The Motley Fool May 2, 2026 4 min read · Yahoo Finance · May 2, 2026, 13:20 UTC

ExxonMobil Reports Lower Profits Despite Rising Oil Prices

Tickers: $INTC $NVDA $XOM

Topics: ExxonMobil geopolitical events oil prices Q1 earnings

Read the full article at Yahoo Finance

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