Exxon and Chevron Beat Estimates as Iran War Threatens Oil Supply
Exxon Mobil Corp. and Chevron Corp. beat first-quarter profit expectations despite disruptions from the Middle East war. Chevron said higher oil and natural gas prices and supplies from its Hess acquisition outweighed production outages linked to the conflict, while Exxon said output gains from Guyana and the Permian Basin offset supply losses.
The companies also signaled that supply strains may persist. Exxon Chief Executive Officer Darren Woods said production now offline in the Middle East can return relatively quickly once the Strait of Hormuz reopens, but damaged Qatar LNG trains will take longer and normal flows may take one to two months to resume. Chevron has warned global oil supplies are running dry as the conflict enters its third month, and both companies have resisted White House pressure to boost production, sticking to prewar strategies.
From the sources (24 posts)
@businessChevron exceeds profit expectations as higher oil and natural gas prices, as well as supplies from the acquisition of Hess, outweighed production outages from the Iran war
@zerohedgeEXXON 1Q ADJ EPS $1.16, EST. 96C
@zerohedgeExxon & Chevron Shares Jump After Big Q1 Earnings Beat
@reutersExxon net income falls, output hit by Iran war
@chigrl$XOM is a beat *EXXON 1Q ADJ EPS $1.16, EST. 96C $CVX is a beat *CHEVRON 1Q ADJ EPS $1.41, EST. 90C
@cnbcExxon Mobil and Chevron earnings fall as Iran war disrupts oil shipments
@financialjuiceExxon Q1 2026 Earnings $XOM Adj EPS $1.16, est. 96c EPS $1 Adj EPS excluding estimated timing effects $2.09 Total rev. & other income $85.14b, est. $80.74b Refinery throughput 3,494 kbd, est. 3,718 Production 4,594 koebd, est. 4,602
@businessExxon Mobil outperforms expectations after oil-production increases from Guyana and the Permian Basin helped offset supply losses due to the Middle East war
@wallstengine$CVX Q1’26 EARNINGS HIGHLIGHTS 🔹 Revenue & Other Income: $48.61B (Est. $50.61B) 🔴 🔹 Adj. EPS: $1.41 (Est. $0.90) 🟢 🔹 EPS: $1.11; down from $2.00 YoY 🔹 Upstream Earnings: $3.91B (Est. $3.5B) 🟢 🔹 Worldwide Production: 3,858 MBOE/D (Est. 3,79
@firstsquawkCHEVRON Q1 2026 -IN PARTITIONED ZONE, WE ARE OPERATING AT NEAR MINIMUM RATES TO MANAGE STORAGE -CONFLICT IN MIDDLE EAST HAD LIMITED IMPACT ON PRODUCTION IN QTR WITH LESS THAN 5% OF OUR PORTFOLIO LOCATED IN REGION -CONTINUE TO CLOSELY MONITO
@financialjuiceChevron Q1 2026 Earnings $CVX Adj EPS $1.41, est. 90c EPS $1.11 vs. $2 y/y Rev. & other income $48.61b, est. $50.61b Upstream earnings $3.91b, est. $3.5b Cash flow from ops $2.5b, est. $4.79b Worldwide production 3,858 mboe/d, est. 3,796 L
@firstsquawkCHEVRON Q1 2026 -TOTAL REV & OTHER INCOME $48.61B (EST USD 52.08B) - ADJ EPS $1.41 (EST USD 0.95) -NET LOSS OF $360M RELATED TO LEGAL RESERVE INCLUDED IN QTR - NET OIL-EQUIVALENT PRODUCTION 3,858 MBOED - DIVIDEND $1.78 PER SHARE
@zerohedge*EXXON: PRICES WILL RESPOND TO UNPRECEDENTED' SUPPLY DISRUPTION
@deitaoneEXXON CEO DARREN WOODS ESTIMATES IT WILL TAKE 1-2 MONTHS FOR NORMAL FLOWS TO RESUME AFTER STRAIT OF HORMUZ REOPENS - CONFERENCE CALL
@businessChevron Corp. is worried that global oil supplies are running dry as the US-Israel war with Iran enters its third month.
@zerohedgeChevron, ConocoPhillips Warn About "Critical Shortages" Of Oil, Soaring Prices And Demand Destruction
@zerohedge*EXXON CEO: ABOUT 15% OF ITS OUTPUT IMPACTED BY HORMUZ CLOSURE
@financialjuiceExxon CEO: Production that is currently offline in the Middle East can return relatively quickly once the Strait reopens, but damaged Qatar LNG trains will take longer. $XOM
@wallstengineEXXON CEO: ABOUT 15% OF ITS OUTPUT IMPACTED BY HORMUZ CLOSURE
@staunovoExxon and Chevron defy Trump pressure to boost oil production US supermajors stick to prewar strategies despite White House plea for more drilling to curb soaring petrol prices #oott
@oilheadlinenewsExxonMobil and Chevron have defied calls from the White House to increase oil production, resisting pressure from an administration that is struggling to end the biggest energy crisis in decades. - FT
@staunovoChevron Corp. is worried that global oil supplies are running dry as the US-Israel war with Iran enters its third month. “That’s certainly the scenario we’re concerned about,” Chief Executive Officer Mike Wirth said Friday in an interview
@staunovoExxon Mobil Corp. outperformed expectations after oil-production increases from Guyana and the Permian Basin helped offset supply losses due to the Middle East war. Adjusted first-quarter net income of $1.16 a share was 20 cents higher tha
@oilandenergyExxonMobil beat Q1 estimates with $1.16 EPS as higher oil prices offset Middle East disruptions. Strong refining and trading boosted results despite a 6% drop in global production. #Oil #Earnings #EnergyMarkets #OOTT