So if oil stays at 10 19 or 25 yes $XOM is in trouble. But no one thinks $WTI will be that low for long. #Oil is trading mid 30s right now and if it trades above 40 in the upcoming weeks. XOM and its dividend will be just fine.
True that the demand for oil has not yet shifted, however the price correction was inevitable. The automobile and logistics industry which rely heavily on oil production are operating at full speed and increasing in size.
For the past four years $WTI has been mostly below $60/barrel. Now that it has surpassed the $60 mark, we can anticipate higher prices, in accordance with the high demand.
Big Trouble For The Big Three U.S. Oil Companies: Financial Disaster In Its Domestic Oil & Gas Sector
So if oil stays at 10 19 or 25 yes $XOM is in trouble. But no one thinks $WTI will be that low for long. #Oil is trading mid 30s right now and if it trades above 40 in the upcoming weeks. XOM and its dividend will be just fine.
The Saudis Are All In When It Comes To Cutting Production
True that the demand for oil has not yet shifted, however the price correction was inevitable. The automobile and logistics industry which rely heavily on oil production are operating at full speed and increasing in size.
For the past four years $WTI has been mostly below $60/barrel. Now that it has surpassed the $60 mark, we can anticipate higher prices, in accordance with the high demand.