Analysts Re-Rate Oil Giants Exxon Mobil (XOM) And Chevron Corp. (CVX)
By Mark Moneymaster
November 23, 2009 12:30 PM
November 23, 2009 12:30 PM
Posted in: Analyst Color
A leading brokerage company boosted its 2010 earnings targets for oil companies Exxon Mobil (NYSE: XOM) and Chevron (NYSE: CVX).
Analysts reiterated the buy ratings for Exxon Mobil (XOM) and Chevron (CVX) and said a rise in forward curve prices for crude oil more than offset lower U.S. natural gas price assumptions at the oil giants.
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