Exxon and Chevron Surpass Earnings Amid Rising Oil Prices

Exxon Mobil and Chevron reported first-quarter earnings that surpassed analyst expectations despite declines compared to last year, driven by a surge in oil prices linked to the Iran war. The rising oil prices reflect ongoing supply disruptions, affecting global energy markets and economies reliant on oil imports or exports. The companies face uncertainty over how prolonged the conflict and price volatility will be.