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“Exxon Mobil Beats Q1 Estimates as Guyana Production Offsets Middle East Disruptions” 🚨🚨🚨

ExxonMobil reported stronger-than-expected first-quarter 2026 results, lifted by record production growth in Guyana that helped offset operational disruptions tied to geopolitical tensions in the Middle East.

The company posted Q1 revenue of $85.1 billion, beating Wall Street expectations of $81.13 billion. Adjusted earnings per share came in at $1.16, above the $0.98 consensus forecast, though lower than $1.76 a year earlier.

Global production totaled 4.6 million barrels of oil equivalent per day, broadly in line with analyst estimates. The standout driver was Guyana, where Exxon set a new quarterly production record exceeding 900,000 gross barrels per day.

Despite the production strength, Exxon acknowledged earlier disruptions linked to regional conflict. In an SEC filing, the company noted that operations in Qatar and the United Arab Emirates—together accounting for about 20% of its 2025 output—were impacted by the Middle East war, with first-quarter production expected to fall roughly 6% compared to the prior quarter.

Still, strong output from growth regions like Guyana helped stabilize overall performance and support the earnings beat.