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

Key Takeaways XOM's upstream business benefits as oil prices near $75 amid rising Iran-Israel tensions. ExxonMobil revised expected synergies from its Pioneer deal up to $3B annually for the next decade. XOM's strong Permian presence and high crude prices are driving significant cash flow growth.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. T ...