Exxon’s adjusted EPS at the mid-point came in at ~$1.80 vs. consensus closer to $1.90 and Q4 levels closer to $1.71. There was sequential improvement in Upstream driven by higher liquids prices, sequential declines in Downstream due to higher maintenance and flat Chemicals.

https://www.zerohedge.com/energy/exxon-warns-65-billion-hit-iran-war-q1-earnings-set-print-slightly-below-consensus