Exxon Mobil Corp. shares have declined 2% since the onset of the Iran conflict. Rival BP Plc saw its stock surge 20% during the same period. Global crude price increases are impacting oil supermajors with varying results.

Analysts credit BPā€™s gains to exceptional trading profits and fewer production disruptions. Exxon faces significant headwinds due to its operational exposure in the Middle East.

Exxon intends to continue its $5 billion quarterly share buyback program. The company maintains long-term growth targets in the Permian Basin and Guyana.

BP will report its quarterly earnings on Tuesday. Exxon and Chevron are scheduled to release financial results this Friday.