XOM · 10-Q · 2026Q1 · Full report

LNG Supply and Pricing

EXXON MOBIL CORP · 2026-05-04 · Importance 50 · Surprise 42

Significant LNG supply declines in March resulted in higher LNG prices in Europe and Asia, pushing natural gas prices above the 10‑year average. The spike in LNG and gas prices affected regional natural gas markets and influenced feedstock costs for downstream refining and chemical operations. ExxonMobil cites LNG supply disruptions as a near-term market driver alongside crude price volatility from Middle East events. Elevated gas prices can raise feedstock costs for petrochemical production in Asia, contributing to the weak chemical margins reported.

Key facts

• Significant LNG supply decline in March resulted in higher prices in Europe and Asia, driving natural gas prices above the 10-year average. source