Business

Exxon signals Q1 upstream profit bump from Iran war, downstream boost in later quarters

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Higher oil and gas ‌prices due to the U.S.-Israeli war on Iran could boost Exxon Mobil's first-quarter upstream earnings by up to $2.9 billion, outweighing the impact of disruptions to some of its oil and gas production in the Middle East, the U.S. oil producer said on Wednesday.

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