New Delhi, May 1 -- Exxon Mobil exceeded expectations for adjusted earnings on Friday, supported by increased production in Guyana and the Permian Basin. However, unadjusted profits fell to a five-year low as a result of global supply chain interruptions caused by the conflict in Iran-a situation the company's CEO warned might intensify in the coming months.

Following the announcement, Exxon shares dipped over 1% during morning trading.

At 1:26 p.m. EDT, Exxon Mobil stock was trading down by 1.23%, or $1.90, at $152.43. Year-to-date, the stock is up more than 24%.

Adjusted earnings for the first quarter reached $1.16 per share, surpassing the analyst consensus of $1.00. In contrast, net income plummeted to $4.2 billion, its lowest poin...