Good times on the markets in 2016-2020 were supported by #OPEC+ deals and strong #oil. Now when Russia is not supporting production cuts and OPEC+ looks like over oil may stay very low in 2020-22. Distress in US oil producers > turmoil in stocks and HY markets > US recession #bearish
Exxon Mobil Corporation stock price chart
About Exxon Mobil Corporation
Exxon Mobil Corporation operates petroleum and petrochemicals businesses on a worldwide basis. The Company operations include exploration and production of oil and gas, electric power generation, and coal and minerals operations. Exxon Mobil also manufactures and markets fuels, lubricants, and chemicals.