Exxon and Chevron have both disclosed production declines which resulted from the Iran conflict
US energy giants ExxonMobil and Chevron have reported lower production and a financial fallout linked to the Iran war, citing operational disruptions and market volatility as a result of the conflict and restrictions on the Strait of Hormuz regarding shipping linked to the West.
In a filing to US regulators on Wednesday, ExxonMobil flagged a potential hit of up to $6.5 billion to earnings, noting that its global oil and gas production in the first quarter of 2026 will be about 6% lower than in the final quarter of 2025, partly due to attacks on…
Read the full article at RT.COM
