Barclays Calls Chevron’s Quarter A ‘Relief’ After Disappointing Results From Exxon
Despite an underwhelming quarter, Barclays analyst Paul Cheng believes Chevron Corporation CVX 0.22% did well enough to demonstrate relative strength compared to peers Exxon Mobil Corporation XOM 0.01% and Royal Dutch Shell plc (ADR) (NYSE:RDS-A) (NYSE: RDS-B). According to Cheng, Chevron’s share price might find some support from investors rotating out of Shell and Exxon…