Core Viewpoint - The ongoing U.S.-Israel conflict with Iran poses significant risks to oil and gas production for companies like Exxon Mobil, TotalEnergies, and Shell, while simultaneously driving up energy prices, which may benefit their profits [1]. Group 1: Company Exposure - Exxon Mobil has 20% of its oil and gas output in the Middle East, while TotalEnergies has 29% and Shell also has 20% [1]. - Nearly 60% of Exxon's liquefied natural gas (LNG) business is concentrated in the Middle East, making it particularly vulnerable to disruptions [1]. - TotalEnergies has oil and gas production operations in the UAE, and Shell has a significant presence in Oman [1]. Group 2: Impact of Conflict - The conflict has led to the shutdown of some oil and gas fields and has effectively halted shipping through the Strait of Hormuz, a critical waterway for oil transport [1]. - Brent crude futures increased by approximately 7% to $77.74 per barrel, while the European natural gas benchmark surged by about 40% [1]. - QatarEnergy, a partner of Exxon, TotalEnergies, and Shell, halted LNG production following Iranian drone attacks, impacting about 20% of global LNG supply [1]. Group 3: Future Prospects - Exxon is expected to benefit from the startup of its Golden Pass LNG project in Texas, which is anticipated to begin production this month [1].