Recession Looking At Exxon Mobil

Analysts ROGER said FEW CRACKS IN THE ECONOMY, expressing concern about the economy. And I asked them what they think of demand,

Figure 1.
The CEO is showing pre-recession growth and is 1-2% higher than GDP, so the answer is ON TRACK, or going in the right direction.

Figure 2.

• Demand in India is good,
• Demand growth in the U.S. is also good.
• The demand for PETROLEUM PRODUCT is also good

Figure 3.

• Demand for crude continues to be in RECORD LEVEL
• Last year was RECORD, and there is no problem with demand on the crude oil side because RECORD will be renewed this year, and RECORD will be renewed the following year.

ExxonMobil’s earnings call confirmed that demand is fine, and if the recession really did have a problem, management would have mentioned this.

One of the most sensitive assets to a recession is crude oil, and because oil prices are determined by supply and demand, which is what determines the profits of crude oil companies, no other company is more thoroughly looking at supply and demand than crude oil companies.

Crude oil companies believe that demand is still strong, not weak, and that it will continue to be healthy

Figure 4.
Their opinions are consistent with the flow of crude oil inventories that I update to members every week, and compared to other years, crude oil inventories are ALL TIME LOW and are expected to fall steadily in August and September, so I think it will be OVER REALIZING.

We’ll have to keep track of whether this prediction will become a reality or not, so we’ll keep watching! Fighting together!

[Fundamentals of crude oil]