ExxonMobil-QatarEnergy JV starts LNG production, boosting energy market amid geopolitical tensions.

ExxonMobil and QatarEnergy's joint venture, Golden Pass LNG, has begun producing LNG from its first train, marking a major milestone in their $10 billion project in Texas. This comes amid rising geopolitical tensions involving the U.S., Israel, and Iran, which are increasing risk premiums in global oil markets. ExxonMobil is also advancing its Guyana gas project with a new contract for an FPSO vessel, supporting future gas and condensate production. ExxonMobil shares have surged, hitting new highs, driven by strong technicals and positive analyst outlooks ahead of upcoming earnings in April 2026.