Exxon offsets Middle East losses with global projects, boosting production 8% before disruptions

Exxon Mobil is successfully managing disruptions in the Middle East by advancing replacement projects like LNG in Papua New Guinea and Golden Pass in the U.S. These efforts have helped limit the earnings impact from the region to about 5%. Upstream production grew 8% year-over-year before disruptions, driven by strong assets in the Permian and Guyana. Exxon expects ongoing growth plans to maintain single-digit expansion, quickly recovering any lost production and profits.