Jennifer Rowland
Jennifer Rowland
asian deal future gives growth potential production
The Unocal deal gives Chevron the near- to medium-term production growth it was lacking, as well as the potential for future growth from its Asian assets.
beginning company leaving peers premium since trading
Since the beginning of the month, Exxon has outperformed its peers by over 6%, leaving the company trading at a significant premium to the group. As such, we are downgrading Exxon to neutral, as the stock's valuation is not as compelling.