Analyzing the Impact of U.S.-Israeli-Iran Conflict on Oil Production

Oil Production Impacts In The Middle East
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Western oil and gas companies have substantial operations in the Middle East, where the ongoing U.S.-Israeli conflict with Iran has disrupted shipping and affected production. TotalEnergies reports that approximately 15% of its output is offline due to the conflict, highlighting the regional impact on major players.

BP’s production in the Middle East, including Egypt, was about 503,000 barrels of oil equivalent per day in 2025, representing 22% of its total output. Chevron’s output was significantly lower, at 165,000 boed from Israel and the Saudi-Kuwait partitioned zone, equating to just 4% of its overall production. ConocoPhillips contributed 147,000 boed from Qatar and Libya, accounting for 6% of its global total.

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Eni’s Middle Eastern output reached around 379,000 boed, making up 22% of its total in 2024. ExxonMobil estimates that 20% of its output comes from the region, with significant interests in the Upper Zakum oilfield and Qatar’s LNG projects. Shell produced approximately 307,000 boed in 2025, which is 11% of its total, while also holding stakes in various LNG facilities across Qatar and Oman. TotalEnergies generates around 348,000 boed, constituting 34% of its global production.

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