ExxonMobil Corporation (NYSE: XOM) disclosed that ongoing conflicts in the Middle East have disrupted production at several of its assets in Qatar and the UAE during the first quarter of 2026.

The company expects Middle East disruptions to reduce global oil-equivalent production by approximately 6% in the first quarter compared with the fourth quarter of 2025. Middle East assets represent about 20% of ExxonMobil's global oil-equivalent production.

In Qatar, attacks during the first quarter impacted two LNG trains in which ExxonMobil holds ownership interests. These assets accounted for approximately 3% of 2025 upstream production. The company stated that public reports indicate the damage will require a prolonged repair period, though ExxonMobil cannot comment on the timeline for returning to normal operations pending an on-site evaluation.

The disruptions also affected the company's Product Solutions segment, with Middle East assets representing approximately 5% of global refining and chemical capacity. ExxonMobil expects reduced crude availability at Asia Pacific operations to lower global Energy Products throughput by approximately 2% in the first quarter.

Supply disruptions prevented physical shipments associated with several financial hedges during the quarter, resulting in an earnings impact of $0.6 billion to $0.8 billion that will be classified as identified items.

The company expects timing effects to negatively impact first-quarter earnings by $3.5 billion to $4.9 billion due to commodity price increases between December 31, 2025, and March 31, 2026. Despite these factors, ExxonMobil anticipates first-quarter earnings per share will exceed fourth-quarter 2025 levels, excluding timing effects.

ExxonMobil announced that Golden Pass LNG achieved first production from Train 1 at its Sabine Pass terminal on March 30, 2026. The company also plans to increase Permian production to 1.8 million oil-equivalent barrels in 2026.