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OverviewAPI
Exxon Mobil's Q1 profits drop by 28% due to lower refining margins and natural gas prices, despite gains in its chemicals business. The company is finalizing a $60 billion deal with Pioneer Natural Resources to boost production to 2 million barrels per day by 2027. Exxon is embroiled in a dispute with Chevron and Hess over Guyana assets, awaiting an arbitration panel decision.

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