Chevron, Occidental downgraded amid oil price concerns
In This Article:
Scotiabank downgraded Occidental Petroleum (OXY) and Chevron (CVX) to Sector Perform from Sector Outperform.
Market Domination hosts Josh Lipton and Julie Hyman discuss the latest news, highlighting concerns over Occidental's leveraged position following its Crown Rock acquisition and potential buyback reductions at Chevron.
To watch more expert insights and analysis on the latest market action, check out more Market Domination here.
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