Oil prices fall below $80 mark! Bank of America downgrades ExxonMobil (XOM.US), while Chevron (CVX.US) is favored for a comeback thanks to restructuring

智通财经2026/07/29 12:11

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Zhixintong Finance APP noted that as US crude oil futures fell below $80 per barrel, the energy sector declined overall. Meanwhile, Bank of America downgraded ExxonMobil (XOM.US) stock rating from "Buy" to "Neutral" and set the target price at $158.

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Oil prices fall below $80 mark! Bank of America downgrades ExxonMobil (XOM.US), while Chevron (CVX.US) is favored for a comeback thanks to restructuring

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