U.S. supplies a third of world’s LNG but only 3% of global oil exports

Core Insights - The U.S. is the largest exporter of natural gas, accounting for one-third of global LNG supplies, while only exporting 3% of global liquid fuel supplies [2] - The U.S. produces approximately 110 billion cubic feet of natural gas per day, with a domestic consumption of about 80 billion cubic feet per day, resulting in a surplus that is exported [3] Industry Implications - Geopolitical events affecting oil markets have immediate impacts on U.S. consumers, as oil is a globally priced commodity where the U.S. is a price-taker [4] - In contrast, the U.S. dominance in LNG export capacity provides insulation against price volatility, with domestic natural gas prices remaining stable compared to global markets [5][6] Company Performance - Williams Companies reported record adjusted EBITDA of $7.75 billion in 2025, a 9% increase year-over-year, and operating cash flow of $5.9 billion, up 19% [7] - The company has raised its dividend for the 52nd consecutive year to $2.10 annualized and invested $500 million in Woodside Energy's Louisiana LNG project, reinforcing its position as a critical infrastructure provider for domestic natural gas transport [7]