Is a Recession Coming? Chevron CEO Reveals SHOCKING Truth! (I Can't Believe It!)

No Recession? Hold My Beast Burger!

Alright folks MrBeast here and you know I'm all about giving away HUGE prizes but today we're talking about something even BIGGER: the economy! Chevron's CEO Mike Wirth was on CNBC saying they're not seeing signs of a recession. Recession? More like re session of awesome right? But seriously while the IMF is being a bit of a Debbie Downer cutting growth outlooks Chevron's chilling. Maybe they need a Beast Philanthropy intervention to spread the good vibes!

Tariffs: More Like Terrible iffs?

Okay so even though Chevron isn't panicking about a recession they ARE keeping an eye on those tariffs. Apparently Trump's tariffs are messing with oil demand. It's like trying to give away a million dollars but someone keeps adding taxes. So annoying! Wirth says these tariffs might slow things down but hey at least they're not making us give away LESS money. Right? Guys?

Chevron's Still Spending Big Bucks!

Despite the price drops Chevron is just saying 'I'm not gonna stop!' and keeping their spending plans the same. It's like me when I'm planning a new video – even if it costs a GAZILLION dollars I'm going for it! They're playing the long game folks. Smart move Chevron smart move.

Oil Prices: Lower Than My IQ After Eating 100 Pizzas!

Oil prices have dropped about 11% since those tariffs hit. Wirth mentioned that if prices hit $60 a barrel some oil production might slow down especially in places like the Permian Basin. Deep water drilling though? That's still full speed ahead. It’s like saying we might cut back on giving away iPhones but will for sure still give away a house.

Tariffs: Not My Problem (Kinda)

Chevron claims the tariffs aren't directly hitting them hard because energy is mostly exempt. But Wirth admits the 'macroeconomic effects' could still sting. It’s like saying a meteor won’t hit you but the aftershocks might so be ready just in case! It's all about how these tariffs affect global trade and economic growth which let's be honest sounds like a topic for a Chandler video not mine.

The Fed's Secret Oil and Gas Survey!

Apparently the Federal Reserve Bank of Dallas did an anonymous survey and oil and gas execs were NOT happy about those tariffs. They said steel tariffs were raising their costs. It's like when Chris complains about having to buy ANOTHER car for a video. Always something expensive! Let's hope we can keep oil flowing and the economy growing. Fingers crossed!