Exxon Mobil CEO Darren Woods Said Expects Record Oil Demand This Year And Next Year
Portfolio Pulse from Charles Gross
Exxon Mobil's CEO, Darren Woods, anticipates record oil demand this year and the next, according to CNBC.
July 28, 2023 | 11:44 am
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POSITIVE IMPACT
The United States Oil Fund (USO) may also benefit from the predicted increase in oil demand.
As an ETF that tracks the price of oil, USO could see a positive impact if the predicted increase in oil demand materializes, leading to higher oil prices.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Exxon Mobil's stock may see a positive impact due to the CEO's prediction of record oil demand.
The CEO's positive outlook on oil demand could boost investor confidence in Exxon Mobil, potentially leading to an increase in the company's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100