HomeInvestingTechnical AnalysisXOM, OXY, CVX: $90/Barrel "Resurrects Conflicting Challenges"

XOM, OXY, CVX: $90/Barrel "Resurrects Conflicting Challenges"

Crude prices over $90/barrel “resurrects conflicting challenges” for U.S. oil names, according to BofA. The note highlights that the impact on sector valuations is modest, as BofA raises Exxon Mobil (XOM) price target. Caroline Woods discusses XOM and Occidental Petroleum (OXY). BofA names OXY a “top idea.” BofA also raises OXY and Chevon’s (CVX) price targets. Tune in to find out more about the stock market today.

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27 Sep 2023

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