(Il Sole 24 Ore Radiocor) - Milano, 8 apr - The US oil major Exxon Mobil said it expects Middle East disruptions tied to the war in Iran will lower its global oil-equivalent production by about 6% in the first quarter of 2026 compared with the fourth quarter of 2025.

Exxon Mobil noted that Middle East assets represent about 20% of its global oil-equivalent production, but a smaller percentage of its upstream earnings. Amid the conflict, certain assets in which the company holds ownership interests in Qatar and the United Arab Emirates (UAE) have experienced production disruptions beginning in March, it said.

Exxon Mobil said that disruptions across the Middle East, coupled with reduced crude availability at Asia Pacific operations, will also lower its global energy products throughput by about 2% versus the fourth quarter. Middle East assets represents about 5% of Exxon's global refining and chemical capacity.

The company said it planned to increase Permian production to 1.8 million oil-equivalent barrels in 2026 to help offset disruptions in the Middle East.

Exxon Mobil said that negative timing effects tied to its trading program is expected to pressure earnings in the first quarter by 3.5-4.9 billion euros, representing about 0.93.

dollars per share at the midpoint.

(RADIOCOR) 08-04-26 14:48:29 (0427) 5 NNNN