Exxon CEO Warns of Further Oil Price Spikes Amid Iran Conflict
Published by WarSignal Editorial · Last updated
Exxon Mobil CEO Darren Woods said the company expects "more to come" in oil price volatility as the war in Iran continues to affect supply.
Woods made the remarks during a briefing on the company’s earnings, noting that both Exxon and rival Chevron posted stronger-than-expected results. The CEOs highlighted the ongoing geopolitical tensions in the Middle East as a key driver of market uncertainty.
The comments come as investors monitor how the conflict in Iran may further disrupt crude flows, potentially pushing prices higher.
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