According to the Financial Times: Despite the chaos, destruction, and production disruptions caused by the Middle East conflict, major global oil companies remain focused on the long term, seeking to access the region's vast oil and gas reserves. This week, executives from Shell, BP, Total Energy, ConocoPhillips, and Chevron expressed their willingness to invest in the world's highest-producing oil and gas region, citing its abundant reserves and low extraction costs as outweighing the associated high risks.
