#Chevron

Exxon Mobil Corp. and Chevron Corp. had their recommendations cut at Wolfe Research as the outlook for oil prices deteriorates.

Big oil firms would face increased credit rating downgrade pressures if crude prices stayed below $50 a barrel on average until the

Anglo-Dutch Shell, American ExxonMobil and Chevron, French Total and Italian Eni, the world’s biggest multinational oil companies are

New projections suggesting deep-sea oil production costs are becoming cheaper and that oil at $50 per barrel would sustain such