ExxonMobil's Profit Falls 46% Amid Iran Conflict, Beats Estimates
ExxonMobil reported a 46% decline in net income to $4.2 billion, impacted by disruptions from the Iran war. However, adjusted earnings of $1.16 per share surpassed the consensus forecast of $1.00. The results reflect ongoing geopolitical tensions affecting oil shipments.
Key facts
- Net income fell to $4.2 billion
- Adjusted earnings per share: $1.16
- Consensus forecast: $1.00
- Profit decline attributed to Iran war disruptions
Entities
Institutions
- ExxonMobil
Locations
- Iran
Sources
- Quartz —