1. ExxonMobil Warns of $6.5 Billion Q1 Hit from Iran War, Production Down 6%
ExxonMobil has flagged a significant $6.5 billion impact on its first-quarter earnings, directly attributing the financial blow to the ongoing conflict involving Iran. The energy giant disclosed that the bulk of this hit stems from unfavorable timing on its hedging contract accounting, which it expects to be offset as ...