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Oil Stock Winners and Losers: Chevron

Four major integrated oil companies are downgraded by Oppenheimer.

Shares of major integrated oil companies were moving lower Tuesday as four giants were downgraded by Oppenheimer Tuesday morning.


(CVX) - Get Chevron Corporation Report



(BP) - Get BP p.l.c. Sponsored ADR Report


Exxon Mobil

(XOM) - Get Exxon Mobil Corporation Report



(COP) - Get ConocoPhillips Report

were lowered from outperform to perform.

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Chevron, which

warned on its first-quarter results

late Thursday, was recently trading down 2% to $66.62.

BP was lower by 1.7% to $39.25.

Exxon Mobil was off 1.6% to $66.93.

ConocoPhillips was down 0.3% to $39.94.

The Amex Oil Index was lower by 0.6%, to 880.82.Light, sweet crude oil futures for May delivery were recently hovering around $50 a barrel, down 23 cents to $49.82.


(SUN) - Get Sunoco LP Report

was trading at $28.07, down 1.4%.

Royal Dutch Shell


was down 1.7% to $41.67.