Rahul Choudhary
ON THE RECORD · 6 verbatim quotes · every quote source-verified
“We already saw in H1 [the first half of] 2026, the company’s upstream earnings dropped by around $1.3bn compared to H1 2025, due to lower upstream volumes from the Middle East. However, the shortfall was covered well by higher commodity prices,”
Rahul Choudhary · said date not stated · reported 2026-08-30
Rahul Choudhary explained how higher commodity prices offset ExxonMobil's drop in Middle East upstream earnings.
“In terms of gas assets being impacted, major blows have been [dealt to] companies [that are] part of LNG projects in Qatar: ExxonMobil and ConocoPhillips,”
Rahul Choudhary · said date not stated · reported 2026-08-30
Rahul Choudhary highlighted how attacks on Qatari LNG infrastructure disproportionately affected ExxonMobil and ConocoPhillips.
“Overall we expect US companies’ share of gas supplies [from the region] to fall by around 40 percent this year compared to last year [and] the share of oil supplies to drop by 30-35 percent,”
Rahul Choudhary · said date not stated · reported 2026-08-30
Rahul Choudhary discussed the anticipated decline in Gulf oil and gas supplies drawn by US energy firms.
“The attack on LNG trains 4 and 6 at Rasgas damaged roughly 13 million tonnes of capacity, which will take anywhere between three to five years to come back online with a total repair cost estimate of around $3bn,”
Rahul Choudhary · said date not stated · reported 2026-08-30
Rahul Choudhary detailed the extent of damage and repair costs for Rasgas LNG trains following an attack.
“The impact on US companies will depend on the extent of exposure and countries in which these companies are present,”
Rahul Choudhary · said date not stated · reported 2026-08-30
Rahul Choudhary summarized the factors determining the conflict's overall impact on US energy firms.
“For companies like Chevron and Occidental Petroleum, whose presence are in less volatile countries like Israel and Oman respectively, the impact of escalations will not be as severe, as we have not seen significant disruption in these countries,”
Rahul Choudhary · said date not stated · reported 2026-08-30
Rahul Choudhary noted why companies like Chevron and Occidental Petroleum face less severe operational disruption.