Exxon warned about its first-quarter revenue figures due to lower oil and gas prices, as well as losses in its fuel-derived business segment. The company reported an operating income of $6.65 billion in the first three months of the year, significantly less than the $11.6 billion achieved in the same period of the previous year. Despite oil prices being lower compared to the previous year, they still remained at a lower level following the 2022 oil market crisis. Gas prices suffered due to oversupply in the United States. As a result of the price weakness, Exxon had to account for approximately $600 million in losses compared to the previous quarter. The fuel-derived business segment caused a $1.1 billion loss for the company compared to the same period of the previous year. However, the previous year brought significant profits to Exxon, enabling it to have the financial comfort necessary for acquisitions, such as the purchase of Pioneer Natural Resources and Denbury.