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Iran-Israel Conflict Escalates: Boon for ExxonMobil's E&P Business?

Equities

Zacks Investment Research

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June 18, 2025

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Barchart

The West Texas Intermediate crude price is currently nearing the $75-per-barrel benchmark, representing a significant improvement from $60.79 on May 30, thanks to the escalating tensions between Iran and Israel. This is a boon for Exxon Mobil Corporation’s XOM exploration and production (E&P) activities, as upstream operations are positively correlated...

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