Exxon Mobil expects 6% production hit from Middle East disruptions starting March

Exxon Mobil faces a 6% reduction in production due to disruptions in its Middle East operations, which account for 20% of its output but less of its earnings. The impact may be more significant in Q2 depending on how quickly production resumes. Despite this, Exxon has new projects coming online to help offset losses. Rising oil prices and contract accounting timing add complexity to earnings effects.