India & ExxonMobil

India: India welcomed the ceasefire agreement between the United States and Iran, advocating for de-escalation, dialogue, and diplomacy to ensure lasting peace in West Asia. India also emphasized the importance of unimpeded freedom of navigation through the Strait of Hormuz due to its reliance on global energy supply and trade networks.

ExxonMobil: ExxonMobil lost close to 6% as oil prices dropped significantly.

India: India, as the world's third-largest oil importer, is highly exposed to the Iran war's economic fallout, facing mounting costs, supply disruptions for oil and fertilizer, and pressure on its economic growth and government finances.

ExxonMobil: ExxonMobil reported stronger profits due to high oil prices but saw its stock price fall as oil prices regressed.

India: India is expanding its domestic crude exploration efforts to reduce import dependency and secure its energy supply, especially after recent geopolitical disruptions. This initiative is crucial for its economic growth and energy security.

ExxonMobil: ExxonMobil is one of the deepwater exploration experts working with India on its expanded hydrocarbon exploration efforts.

ExxonMobil: ExxonMobil's CEO was invited to accompany Donald Trump on his trip to China, indicating potential business discussions or deals related to US-China trade, particularly concerning energy.