Higher U.S. LNG Shipments, Lower ExxonMobil Income: Your Daily Energy News

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News highlights compiled by Industrial Info Resources (Sugar Land, Texas) dealing with the energy markets.

LNG

U.S. LNG Shipments Rise Since Middle East Conflict
Preliminary ship-tracking data from financial firm LSEG show that U.S. liquefied natural gas (LNG) shipments to Asia have risen more than 175% since the U.S. and ⁠Israel launched strikes on Iran. Overall U.S. LNG shipments rose from about 970,000 metric tons in February to 2.71 million metric tons in April. Europe remained the top destination for U.S. LNG, ⁠receiving 6.14 metric tons in April. Industrial Info Resources is tracking 140 LNG regasification and storage facilities in Asia, including 41 in Japan and nine in South Korea.

Earnings

ExxonMobil's Quarterly Income Falls to Lowest in Five Years
Exxon Mobil Corporation reported net income for the first quarter of 2026 of US$4.2 billion, the lowest since the start of 2021 and a decline from US$7.7 billion a year ago. Reuters reports that about 20% of ExxonMobil's oil and gas production is located in the Middle East, one of the highest rates among the majors.

Crude Oil

Venezuela's Oil Exports Highest Since 2018
Venezuela's oil exports rose 14% to 1.23 million barrels per day in April, shipping data from state oil company PDVSA show. The figure represents the highest volume of exports for the country since 2018, when U.S. sanctions began.

Key Takeaways

• Monthly U.S. LNG shipments have reportedly risen about 1.74 million metric tons from February to April.
• ExxonMobil's high Middle East exposure contribute to a $3.5 billion year-over-year decline in first-quarter net income.
• Venezuela's crude oil exports are at the highest since 2018.

About Industrial Info Resources
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 250,000 current and future projects worth $30.2 trillion (USD).