Miner Company
Trump's Ceasefire Fuels Stock Rally As Analysts Warn Against Market Optimism
Exxon Mobil on Wednesday said disruptions to its assets in the Middle East will reduce its global oil production by 6% in its current quarter, likely shedding up to $6.5 billion from its earnings. Shell similarly warned its first-quarter gas production was likely to be lowered from between 920,000 and 980,000 barrels of oil equivalent per day to 880,000 and 920,000, and that its capital outflow could be lower over time if oil and gas prices ease.
Exxon Mobil on Wednesday said disruptions to its assets in the Middle East will reduce its global oil production by 6% in its current quarter, likely shedding up to $6.5 billion from its earnings. Shell similarly warned its first-quarter gas production was likely to be lowered from between 920,000 and 980,000 barrels of oil equivalent per day to 880,000 and 920,000, and that its capital outflow could be lower over time if oil and gas prices ease.