# ExxonMobil is bracing for a dip in first-quarter earnings, primarily due to a substantial financial hedging loss.

*business · news · 2026-04-08 · The Economic Times*

## Key points

- ExxonMobil expects a multi-billion dollar hedging loss to outweigh gains from higher oil prices.
- Downstream earnings could be negatively impacted by around $5.3 billion due to timing effects.
- Exxon will record an impairment of $600 million to $800 million from undelivered cargoes linked to hedges.
- First-quarter oil and gas production will be 6% lower due to war-related disruptions.

**Companies:** ExxonMobil
**Countries:** United States, Iran, Qatar, United Arab Emirates

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/markets/us-stocks/news/us-stocks-exxon-signals-lower-q1-profit-despite-higher-oil-gas-revenue-from-iran-war-price-spikes/articleshow/130118685.cms)

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