ExxonMobil reported first-quarter earnings of $4.2 billion amid significant market volatility due to disruptions in the Strait of Hormuz. The company faced a $706 million loss from hedging due to supply disruptions and incurred $5.1 billion in margin postings as collateral for derivative positions. Despite these challenges, ExxonMobil maintained strong financial health with a net debt-to-capital ratio of 13%.
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