Public Event Detail
Exxon SVP Warns Oil Could Spike to $150-160 Per Barrel in ‘Coming Weeks’
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Event summary
An Exxon senior vice president has warned that Brent crude oil could surge to $150-$160 per barrel in the coming weeks due to global inventories nearing all-time lows. This predicted spike implies a significant repricing for oil-leveraged companies, with EIA data independently supporting a supply squeeze. The article identifies five stocks—Texas Pacific Land (TPL), ExxonMobil (XOM), Occidental Petroleum (OXY), Schlumberger (SLB), and Diamondback Energy (FANG)—that are well-positioned to benefit from such a price surge.