** Shares of U.S. energy major Exxon Mobil XOM.N rise 2.1% to $157.72 premarket

** Company beats analysts' average estimate for Q1 profit, benefiting from higher oil prices and increased production from its primary assets in the Permian Basin and Guyana

** Posts Q1 adjusted profit of $1.16 per share, compared with the estimate of $1 - data compiled by LSEG

** However, posts lower net income, hurt by disrupted shipments from the U.S.-Israeli war on Iran and a large negative impact from timing effects related to financial derivatives

** Net income falls to $4.2 billion, down from $7.7 billion a year ago, its lowest since Q1 2021

** As of last close, shares up 28.2% this year